Gold holding ground against weak dollar, will it hold?
Gold Technically forming a base around 1845-40 range and upside resisting at 1882-85 saying overall range 1840-90 for now. H4 timeframe at over bought zone and need to correct till 1860-65 zone again to bounce or if breaks there we can see a straight drop till 1848 sept 28th low. Meanwhile one can wait and either buy from low or sell from high 1880-85 zone which already tested for the day. So, sellers still appear to have the advantage until connecting with daily support at $1,841, closely shadowed by H4 support at $1,835 and then the weekly channel support (around $1,825ish).Overall we say sell on rise for the day.
Suggestion: SELL GOLD FROM 1878-80 SL ABV 1892 TGT 1860/1855 ELSE BUY ABOVE 1892 TGT 1911/1920 SLBELOW 1874
Suggestion: SELL GOLD FROM 1878-80 SL ABV 1892 TGT 1860/1855 ELSE BUY ABOVE 1892 TGT 1911/1920 SLBELOW 1874
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