Gold on the Move Again |
|
Gold seems to be heading into another rally, and which side of 895.01 we finish the week on could well determine its future direction. Support is currently below at 892.54, 891.37, and 889.90 Resistance is waiting above at 899.00, 905.46 and 913.50 If all the resistance levels give way, then the next key level to watch is 934.60 - if this level fails to form a top and later becomes our new support, then a longer-term rally could erupt taking price (eventually) up as high as 989.85
Filed under: Technical
Latest Posts
- Daily Scalping Tip
- Today’s Live Show: EUR/USD- A “Dead Cat Bounce”?
- The wedge continuation play…continues…on the cable
- Chart of the Day - USD/CAD
- U.S Market Update
- EUR/JPY Triangle Set Up to Watch
- When the President speaks, everybody listens
- Posts quick access
- The Dollar fell after the ADP employment report
- The Dollar fell after the ADP employment report
- Bulls Last Shot!
- Net long JPY positions at six-month high
- FOMC fears undermine dollar
- Forex Trading: EUR/USD Tests 100 Hour Moving Average | Daily Markets
- Daily Forex Analysis: British Pound Continues To Gain Against Euro …
No Comments! Be The First!