January 2, 2017

Gold 4 Hour Technical analysis

  • Gold 4 hour staying above cloud and 100 Period SMA will favour gold bulls. Weakness in price structure only if price starts to stay below 1144 levels.
  • Crucial resistance in chart is at 1167. Sustaining above 1167 will add more strength for Gold bulls for targets like 1180 and Higher. Below 1144 the recent lows are likely to be tested.
  • ES Year end charts

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