January 6, 2017

GOLD Support and Resistance levels

  • Gold 4 hour shows major levels on chart. sustaining above 1180 should push the price towards 1196. Weakness could take price back towards 1167 levels.
  • Weekly chart shows price moving towards the Broken support zone at 1200. Being a round number this area will be crucial for gold bulls to break and stay above.
  • One hour chart shows the bullish structure intact in smaller time frame. Weakness starts if this structure is violated.
  • CRUDE Oil chart analysis

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