We held critical support into Friday close.
Forget 1300, it is just a psychological level, not much more.
For the coming week and into mid October, I have the following upside targets as presented on chart.
1407 is likely to be area of the strongest resistance, but we might spike higher to R4.
SL below indicated on chart which is 36 degree support.
Forget 1300, it is just a psychological level, not much more.
For the coming week and into mid October, I have the following upside targets as presented on chart.
1407 is likely to be area of the strongest resistance, but we might spike higher to R4.
SL below indicated on chart which is 36 degree support.
Comment:
For the 1407, it would make the most sense to hit it the 5th or 6ht of October in this perspective.
Comment:
1377... Take some profit there.
Comment:
Gold bull is doing what it is supposed to :)
Comment:
1347 isnt that important any more because it has been taken out. So ignore that as a major resistance.
Comment:
Now lets see.
It has used a lot of pointless time instead of just going faster down.
It has used a lot of pointless time instead of just going faster down.
Comment:
Algos not impressed with 50 % retrace so far.
If close below 1280, never touch gold again :)
If close below 1280, never touch gold again :)
Comment:
9, 18, 36, 72... Important degrees for gold.
I do not know why yet.
I do not know why yet.
Comment:
Comment:
Many will be modest taking profit at gapfill. I will not.
Comment:
I am still holding longs, SL moved up to 1274.