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FTE1995

GOLD - Previous broken resistance level now acting as support?..

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis
5
0
trendanalysis
- Last week gold managed to finally push through a previously unbreakable resistance level at 1241.5
- Today, after making a move back down this previous structure resistance may now be acting as support
- If this is the case we could see a bounce higher from this level
- Watching for clear rejection at this level to confirm this theory

THIS IS NOT TRADE ADVICE NOR A TRADE CALL
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