Gold standing on strong resistance

20. Okt. 2016

I will go long when gold will close above 1273 on daily chart

21. Okt. 2016

Anmerkung

Gold is expected to test support at $1,263; where a fall below will resume the downtrend. However, a break above $1,274 (yesterday’s high) will continue the uptrend with $1,280 and $1,292.

24. Okt. 2016

Anmerkung

Gold is currently trading bellow 200-MA and gold facing resistance at the 200-MA, where a break above will extend the gain towards $1,280, followed by $1,292.

I am still waiting

25. Okt. 2016

Anmerkung

Gold is currently trading between the 14-MA and the 200-MA. A break above or below is required to for future direction.

2. Nov. 2016

Anmerkung

I missed this trade because of tight schedule.