Friday, October 26, 2012

GOLD Support Turning Resistance GOLD Trade
GOLD H4 is following a typical support-turned-resistance pattern while moving down. 

As seen on H4 chart, support turns resistance once broken. Currently price has tested the support-turned-resistance and is moving south. GOLD Trade
GOLD Daily

On Daily chart, a major resistance is coming up at area 1680/75. This area has provided good resistance previously. I am expecting a test of that area. If I see a little bounce from that area, I will look for long opportunities.

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