Gold / XAUUSD – On the daily time frame this precious metal has broken below the uptrend channel and looks heavy at the moment. The next downside target and support level can be seen at 1226.44 and below that 1216.59. 1244 is first topside resistance. If price moves back up and into the channel, it nullifies
Gold / XAUUSD – On the daily time frame this precious metal is currently within an uptrend channel. Yesterday's price action saw it testing the bottom of the channel and a quick rebound ensued as buyers came in at the 1236.63 level. Below that and we have price closing below the channel and the 15 ema. If
http://www.youtube.com/watch?v=3VN-fvZLz5I View the video and learn where Gold is heading in the medium term. Cheers! ~ Ardy
The yellow metal is challenging the down trend line at the moment on the daily time frame. Price has gone sideways and a close above the down trend line will take us to next resistance level in the form of the 61.8% Fibonacci level at 1335.4 Good thing for the bulls is that the price
Gold maintains its downtrend. After breaking below the holding triangle, price have proceeded lower. Next target lower is 1200. ~ Ardy
