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.
went the other way :-) looking for longs in gdx/jnug at these levels into NOV 14th an astro date.
weslad
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Great call on Gold, still holding moving as well expected.
SMPTrader
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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