Gold – Put the news on the side, what do we have technicaly?

gold 20.11.-2

My previous article wasn’t analysis on gold, I just wanted to show you how looks like ‘the up/down ride’ on the smaller time frame M15, coused by the news. I never do my analysis on small charts like that. What do we have technicaly after that ride we can see here at H4 chart. 1178/80 is shown as very strong support what I was mentioned several times, but it looks like gold is stuck here around 1292 level, 50.0 fibo of the October 21. –> November 07. fall, where the resistance/suport are changing roles. Based on this, gold is still looking bullish, aiming 1203/05 and 1208/10 stronger resitance. The second one was previous support from September 2014. Could bulls finaly manage to catch that level, let’s see. How do you see this traders?

Advertisements

5 comments

  • Here we are, 1208! 🙂

    Liked by 1 person

    • Yap, expected! 😉

      Like

  • mario kako vidis DAX ? daily graf ,hvala

    Like

  • News again. 🙂 US Home sales!

    Liked by 1 person

    • Yap, like I said this morning, traders are so nervous and they are recting on everything. It doesn’t matter that the news they see don’t change anything. 🙂

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s