Gold Losing A Bit Of Steam
Gold has opened and moved to the downside $5 after open. For strength Gold needs to see the buyers push to resistance and punch through the R1 zone. A lack of this will see S1 Come into play.
In wider economics keep an eye on USA, if these markets see a rise, Gold may fall and thus Silver and platinum.
Will reassess Gold with a break of R1, the next few months the highs can still come into play (wider economic dynamics)
📈Support & Resistance📉*
Support Levels
1st Support Zone: 1715.858
2nd Support Zone: 1691.619
3rd Support Zone: 1670.246
Resistance Levels:
1st Resistance Zone: 1753.979
2nd Resistance Zone: 1751.174
3rd Resistance Zone: 1739.613
Price Level Consideration
All Time High Half Way Point: 960.480
Prominent High: NOW
Prominent Low: 1043.409
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: BULLISH NOW
🐻 Bearish below: 1451.718
Monthly & Weekly Opens
Monthly Open:1686.008
Weekly Open: 1734.562
In wider economics keep an eye on USA, if these markets see a rise, Gold may fall and thus Silver and platinum.
Will reassess Gold with a break of R1, the next few months the highs can still come into play (wider economic dynamics)
📈Support & Resistance📉*
Support Levels
1st Support Zone: 1715.858
2nd Support Zone: 1691.619
3rd Support Zone: 1670.246
Resistance Levels:
1st Resistance Zone: 1753.979
2nd Resistance Zone: 1751.174
3rd Resistance Zone: 1739.613
Price Level Consideration
All Time High Half Way Point: 960.480
Prominent High: NOW
Prominent Low: 1043.409
🐃 Bulls Verse Bears 🐻
🐃 Bullish above: BULLISH NOW
🐻 Bearish below: 1451.718
Monthly & Weekly Opens
Monthly Open:1686.008
Weekly Open: 1734.562
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