As per 13-13 Wilders moving average channel offset trading system Gold on the EOD chart is in range bound between the support zone 1718 and the resistance zone 1754. Breakout or Breakdown determines the trend direction.
Related Readings and Observations
In Depth Analysis on Comex Gold Lets come to fundamental side before, we witness a blast in gold price after 2008 recession & gold price almost double in just 3 year span while in last 2 year gold also corrected more […]
Gold Short Term Trend Turning Positive : Technical Analysis International Gold is in consolidation mode since 16th of July 2018. Currently trading in a very tight band largely trading within a $10 range over the past week, with the price respecting […]
Gold Trading Outlook : On the Verge of Breakout Gold price action remains muted despite the stock market crashing, global events like trade war, syrian attack. Its been trading in a very compressed range 1300-1350 range since the start […]
Gold Medium Term Outlook – Trading Sentiment turns Bullish Since last two years Gold is currently trading in a very broader range 200 point range (1150-1350 on weekly timeframe). Trading sentiment for this week turned to positive which indicates […]
Gold Inching Higher towards 1295-1300 Resistance Band – Medium Term Outlook Gold had done a short term trend reversal from the recent swing low of 1251. Trading Sentiment holds positive on both daily and weekly timeframe. Current surge towards 1280 reference […]
How to Get a Firm Handle on Gold’s Ups and Downs In the closing days of November, the Daily Sentiment Index registered a ten-day average of just 9.1% gold bulls. That was only the third time in the sentiment gauge's 30-year history that […]
still between the range
Gold Locked between 1718-1754 on EOD basis. Now the Gold range changes to 1704-1745. Breakout or Breakdown from the range determines the trend direction