October 21, 2011

GOLD Support and Resistance levels

  • Gold daily is trading between 1603 and 1694.
  • Right now price is moving towards 20 Day SMA. Closing above this moving average will keep the bullish momentum intact. Getting resisted @ 20 SMA will pull prices back towards 1603.
  • Bigger moves will happen once this range gets resolved.

No comments:

Post a Comment