Gold resistance zones to watch
Updated
Gold broke a strong support zone then popped back above it.
Was the break below a Bear trap?
Is the break above a Bull trap?
The two resistance zones above current price will be telling.
$1,300 will be the psychological number.
If rejected from 1300, then maybe more down?
If surpass 1300, we may have found a bottom.
This is part of my thinking for the longer term LONG per this previous plan:
Was the break below a Bear trap?
Is the break above a Bull trap?
The two resistance zones above current price will be telling.
$1,300 will be the psychological number.
If rejected from 1300, then maybe more down?
If surpass 1300, we may have found a bottom.
This is part of my thinking for the longer term LONG per this previous plan:
Note
I think Gold will retrace a bit here.Weekend gap was closed, may well continue downfall now?
But I am going to see how it reacts on the inevitable retrace of gains today
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