Tuesday, November 06, 2012

Gold: Resistance at 1683.2

  • Testing 1683.2 resistance at the moment. Will it hold??
  • Oscillators indicate oversold.
  • MAs on Momentum cross up on hourly, indicates minor uptrend or correction on larger trend scale.
  • Next target at 61.8% and 78.6% level at 1642 and 1600.3 respectively.
  • Next resistance at 1700.4 (38.2% level of 1547.3 to 1795.1).
Gold Daily Chart

Gold 4 Hour Chart
Gold Hourly Chart

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