GOLD, October 30. – Weekly
I was pointed at my gold analysis yesterday this 1200/05 support and the bulls are holding that level today, but if that brakes 1180 will be in danger 4th time. Could that level hold one more time or this will be the final attack it would be interesting to see. Most of the major banks are predicting gold bellow 1180 near 1000 usd for the end of the year, and it looks like that they predictions could work out, or!? What is your oppinion?
I think 1180 will brake this time.
Based on my experience, 4th attack usualy brakes strong support/resistance levels.