September 19, 2016

  • Gold near resistance line and 100 Hour SMA. last chart shows price contraction which may lead to bigger move soon.
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  • Immediate resistance level at 200 Hour SMA. Bulls may get some strength if stays above this line. 2156 and golden ratio will be tough to cross if gets tested.
  • GOLD WEEKEND UPDATE
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore