Gold (Contiuous contract) .... Resistance in the 1750-1762 area
A Bullish Bat Pattern ending in late May provided a $75 run. (Point D).
This reversed and on June 5th began a second run.
I have added 2 Pitchforks on the last swing points which converge and provide resistance in the 1750 to 1762 area.
A 100% and 113% extention area also provide areas of resistance. DE overlayed starting at point F.
For that reason I believe that Gold will have problems at the aforementioned levels.
S.
This reversed and on June 5th began a second run.
I have added 2 Pitchforks on the last swing points which converge and provide resistance in the 1750 to 1762 area.
A 100% and 113% extention area also provide areas of resistance. DE overlayed starting at point F.
For that reason I believe that Gold will have problems at the aforementioned levels.
S.
Kommentera:
Ideal Target added
