No forecast, just an observation
Gold strong bearish momentum pushed price back towards the cluster of support levels around 1290.00 areas.
1)200-days SMA
2) Broken Neckline for IHS
3)Static Horizontal Support and 50 percent retracement for the latest bullish wave.
I will be monitoring price action around this area and over the lower time intervals for a trading signal.
twitter.com/thefxchannel
thefxchannel.com
Gold strong bearish momentum pushed price back towards the cluster of support levels around 1290.00 areas.
1)200-days SMA
2) Broken Neckline for IHS
3)Static Horizontal Support and 50 percent retracement for the latest bullish wave.
I will be monitoring price action around this area and over the lower time intervals for a trading signal.
twitter.com/thefxchannel
thefxchannel.com