DOn't Sell DOn't Sell DOn't Sell DOn't Sell DOn't Sell
Gold has broken its resistance at 1641 and is
pushing higher towards the theoretical target at
1730 implied by the symmetrical triangle. We are
however reluctant to initiate a long position
given the large number of resistances near the
current prices (i.e. down trendline and 1672).
The key support at 1523 has held. Still, the
long-term succession of lower highs since the 6
September high (i.e. 1921) favors a cautious
view (possible long-term declining triangle).
My Analysis Say Didn't Sell GOLD
Gold has broken its resistance at 1641 and is
pushing higher towards the theoretical target at
1730 implied by the symmetrical triangle. We are
however reluctant to initiate a long position
given the large number of resistances near the
current prices (i.e. down trendline and 1672).
The key support at 1523 has held. Still, the
long-term succession of lower highs since the 6
September high (i.e. 1921) favors a cautious
view (possible long-term declining triangle).
My Analysis Say Didn't Sell GOLD