11/12/2024 GOLD daily and hourly. Watch 2626 price reaction.
Oct 31 hourly sell signal hit, daily chart has just targeted at 2800.
continued push down has not put price below Daily sell line. 2624.
I will be playing continued downside moves, while also watching for a CHOC.
However--->>A hourly buy point 2656 and daily buy point of 2652 is extremely likely to hit, since lots of orders will be sitting there. Hourly charts needs to hold above 2626 first. Watch 2626 price reaction.... will buyers take over and hold, or will sellers hold and push to new lows.
continued push down has not put price below Daily sell line. 2624.
I will be playing continued downside moves, while also watching for a CHOC.
However--->>A hourly buy point 2656 and daily buy point of 2652 is extremely likely to hit, since lots of orders will be sitting there. Hourly charts needs to hold above 2626 first. Watch 2626 price reaction.... will buyers take over and hold, or will sellers hold and push to new lows.
David Nelson
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