I took a
look at the GOLD charts earlier today and I noticed a very telling signal that
it is about to move to the upside: a perfectly formed hammer candlestick
visible the four hour filter chart right above the support at 1171.90. I expect
it will start rising soon, but first it has to break above the resistance at 1175.35.
Should it do so I expect a further move to the upside towards target 1178.70.
Not to mention that if you take a look at the daily filter chart you will
notice that it has formed a spinning top candlestick above the support and there is plenty
of space to move up towards the resistance at 1182.00.
Very good analysis!
ReplyDeleteit may try to correct.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteExcellent analysis, you hit the essence of gold movement.
ReplyDeleteVery nice tip I'll keep it in mind.
ReplyDeleteGood assessment.
ReplyDelete