Gold intraday support & resistances 20/10/17
Refer to chart.
Thick lines = Strong levels.
Long bias. Intraday target = 1296-97.
Thick lines = Strong levels.
Long bias. Intraday target = 1296-97.
Comment:
Lower likely zone is two levels down, 1283.5. Suggest SL @ 1281 and add if price goes to 1283.5.
Comment:
This has to do with that 1291 is a very strong level, so an initial rejection may occur there to give us an AbC move like this;
Comment:
I cannot see however, that gold has unfinished business below, it has been patient on its rise, and that is a good sign for bulls.
Comment:
Looks like a rigged game lol. 1283.5-zone hit. Lets see now
Comment:
It hit one level lower than estimated. Good chances we reverse from here. Targeting 1296.
Comment:
You feel bearish yet? 1287 must be met. And then we have 1303. So where are we going from here? Guess two times.