So this is how starting on a crook could lead to.
We have only been seeing gold going from soft to softer since the Asia opening.
You could almost say gold is spineless, it just cannot stand on its on.
Due to all the indicators being not in sync with one another, makes it difficult difficult for trend traders as they get wiped out every time.
Before any kind of confirmation comes on any of the indicators, it changes mid-way again and again.
Range traders rule for the moment as they are coming out on top of current market conditions.
As the indicators are mixed, the faster indicators have now turned down for the lower but the momentum/volatility is not a sustainable level yet.
Whereas the slower indicators have not been negated.
Interim supports are at 1183, 1173.50 & 1162.30 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1190.50, 1192.50 & 1197 with minor resistances at 1191, 1196.70 & 1207.50.
The daily/weekly trend changer points are at 1167.20/1160.70.
Get Gold Trading Chat, excerpts from there
We have only been seeing gold going from soft to softer since the Asia opening.
You could almost say gold is spineless, it just cannot stand on its on.
Due to all the indicators being not in sync with one another, makes it difficult difficult for trend traders as they get wiped out every time.
Before any kind of confirmation comes on any of the indicators, it changes mid-way again and again.
Range traders rule for the moment as they are coming out on top of current market conditions.
As the indicators are mixed, the faster indicators have now turned down for the lower but the momentum/volatility is not a sustainable level yet.
Whereas the slower indicators have not been negated.
Interim supports are at 1183, 1173.50 & 1162.30 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1190.50, 1192.50 & 1197 with minor resistances at 1191, 1196.70 & 1207.50.
The daily/weekly trend changer points are at 1167.20/1160.70.
Get Gold Trading Chat, excerpts from there
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