vanathi

Gold - Weekly Review

vanathi Mod Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price moved along with the trend line and gave some volatile spikes. Expecting price to move without big spikes this week.
Support levels - 1978 to 1980, 1968 to 1971.
Resistance - 2004 - 2008.
If price took support at the given levels we can expect bullish move towards the given resistance level. If price sustains above the resistance, the 1980 will become the strong support zone.
Range is from 1968 to 2004. And since price is moving within the range take trades when you get confirmation at the support or resistance.
Do your own analysis.
Comment:
Towards 2nd support.

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