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Daniel.B
Nov 4, 2016 5:43 AM

Levels for Gold *See Linked Weekly Chart* 

Gold/U.S. DollarFXCM

Description

Hey traders,

Technical levels on chart.

Also, do note the broken ascending TL for this year and the wave down thus breaking 2016's uptrend. Also do note the descending TL resistance in place since July 2016.

Also, for a longer term perspective on the major resistance / support levels at play please see the linked chart.

Cheers. =)

Comment

Gold broke through support like butter.
Comments
Dinkan
Curious to see if it breaks the support 1199.53
Daniel.B
@Dinkan, Indeed, my assumption is that it pulls back before testing that support level.
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