Bearish sentiment continues to drive prices lower and lower. Next support level is $1,112, then $1,096. Resistance can be found at $1,122 and then $1,132.
Chart: XAUUSD H1
Wednesday, September 30, 2015
Gold Made New Low
Today's trading session brought new losses in Gold's price. The precious metal went from opening price $1,127.61 to $1,115 (cmp). The lowest thus far is $1,113 and it looks like Gold is not going to stop there. On the H1 chart it's visible that Gold is trading in a really tight downward channel, implying that this would not hold long and would break easily.
Bearish sentiment continues to drive prices lower and lower. Next support level is $1,112, then $1,096. Resistance can be found at $1,122 and then $1,132.
Chart: XAUUSD H1
Bearish sentiment continues to drive prices lower and lower. Next support level is $1,112, then $1,096. Resistance can be found at $1,122 and then $1,132.
Chart: XAUUSD H1
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Good analysis.
ReplyDeleteExcellent point of view.
ReplyDeleteBig drop.
ReplyDeleteGreat assessment. I'll keep a close eye on it.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteGold recorded the worst quarter of the last year.
ReplyDeleteInteresting analysis, thank you.
ReplyDeleteGreat post.
ReplyDelete