H1 Chart shows that those levels are short-term support for the yellow metal, thus hinting a potential move to the upside with resistance at around $1,162-$1,167.
Bearish channel is still intact and going strong.
Chart: XAUUSD H1
Wednesday, July 8, 2015
Gold Bears in Charge
Today's session marked the lowest level of Gold's price since March 18 just briefly touching the $1,147 mark. Gold is currently trading at around $1,1150-$1,1154/oz.
H1 Chart shows that those levels are short-term support for the yellow metal, thus hinting a potential move to the upside with resistance at around $1,162-$1,167.
Bearish channel is still intact and going strong.
Chart: XAUUSD H1
H1 Chart shows that those levels are short-term support for the yellow metal, thus hinting a potential move to the upside with resistance at around $1,162-$1,167.
Bearish channel is still intact and going strong.
Chart: XAUUSD H1
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Thanks for such an informative analysis.
ReplyDeleteThank you for the analysis!
ReplyDeleteI agree with your analysis.
ReplyDeleteVery important analysis
ReplyDeleteStill respecting the downward channel.
ReplyDeleteI am totally agree with you.
ReplyDelete