ICmarkets
Long

XAUUSD Approaching Support, Potential Bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD             is approaching its support at 1220 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 1226 (38.2% Fibonacci retracement , horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
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went the other way :-) looking for longs in gdx/jnug at these levels into NOV 14th an astro date.
+1 Reply
Great call on Gold, still holding moving as well expected.

+1 Reply
Definitely feel the same way. I think we are in for a bull run with Gold and this is just the start of it. Of course it will bounce around a little bit But feel confident that we will move north from here
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nixdem BenWright21
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