Gold Breaks From Down Trend Line Long

Gold/U.S. DollarFXCM

Description

⋅ Oct 21, 2018 2:11 AM

Looks like gold found major it's support at 1160 and broke from the downtrend line after 2 months of consolidation. It might retest first the 1200 area before it will go higher. Resistance is seen at 1238 and 1262 while support at 1200.

Trend Analysis

Comments

Sasquatch_Trader

⋅ Oct 21, 2018 2:52 AM

Awesome thanks for sharing! Nice chart.