Gold was in the monthly and weekly long breakout target area in the first hour of this week. (close to W-R5 and MN-R5). It seems who was in long on gold now rests a bit again. Monthly camarilla support and pivot level (MN-P, MN-S3) is too far but weekly camarilla pivot and support (W-P, W-S3) is possible target if gold turn to short. There is my mt4 chart on gold a gap between last weeks close and about 1560.
Comment:
Gold turned down and hit weekly camarilla R3 and monthly camarilla R4 levels. Sometimes if the price hit R4 level but didn't hit S5 level first turn again to R3 and retest it, after turn to R5 again. Maybe this happens now too. We will see what happens. Take care your trade, my is in BE.
