Next big resistance rests at $1,160-$1,162.
Chart: XAUUSD D1
Tuesday, October 6, 2015
Gold Slightly Up
The yellow metal is witnessing some safe haven buying due to negative US data. Prices rose from $1,136 to $1,150 to currently trade at $1,148-$1,149. It should be noted that Friday's gains were a reaction not only driven by Fundaments but also by Technicals. $1,104 was the third touch of the support line after which Gold skyrocketed.
Next big resistance rests at $1,160-$1,162.
Chart: XAUUSD D1
Next big resistance rests at $1,160-$1,162.
Chart: XAUUSD D1
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Thank you for the analysis.
ReplyDeleteVery well spotted!
ReplyDeleteGreat assessment, thank you.
ReplyDeleteLet’s see how low it keeps going.
ReplyDeleteCongratulations for the post, very helpful.
ReplyDeleteGood analysis, I will follow.
ReplyDeleteGreat analysis. Keep it up.
ReplyDelete