koubadillon

Gold Hitting Resistance

TVC:GOLD   CFDs on Gold (US$ / OZ)
Right now Gold is hitting the .618 Fibonacci resistance line, and at the same time the 50 day MA. If the precious metal can get a close above those two lines, be ready for an accelerated jump to $1240. On the hand, If It rejects, It should only fall to the bottom of the support channel. Good Luck!

Notice: I do not provide financial advice.
Sep 12
Comment: **.786** fib line. Not .618
Sep 13
Comment: Rejected the 50 Day MA, 20 Day MA should hold it up.
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