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GOLD Strengthens On Further Bullish Offensive, page-2

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nickelbutt

842 Posts.

6

05/02/16

07:02

Post #: 16947077
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Originally posted by Techstrategy ↑

GOLD: With the commodity breaking and holding above the 1129.00 zone on Wednesday, further bullishness is likely. On the downside, support comes in at the 1130.00 level where a break will turn attention to the 1120.00 level. Further down, a cut through here will open the door for a move lower towards the 1110.00 level. Below here if seen could trigger further downside pressure targeting the 1100.00 level. Conversely, resistance resides at the 1150.00 level where a break will aim at the 1160.00 level. A turn above there will expose the 1170.00 level. Further out, resistance stands at the 1180.00 level. All in all, GOLD looks to build up on its recovery strength.

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Sorry bloke, but is that your work, or a cut and paste?

Talk about stating the bleeding obvious, what sort of analysis is that?

On the upside:
there are $10.00 thresholds at 1150, 1160, 1170, and 1180,

and on the downside:
there are $10.00 thresholds at 1130, 1120, 1110, and 1100.

I mean really.............. I NEVER would have worked that one out !!!

ps
They missed the one at 1140,

Price at posting: 0.0009 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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