Gold Trend 07/09
Gold went down slightly yesterday. The market had opened near 1827 and gradually fell to day-low 1820 at the US session. The day ended near 1823, down by USD 4.
The overall pattern has changed much on the 1-hour chart due to the US market holiday. Upper resistance remains at 1833-35(1), with S-T trend line(2) is currently supporting the market; While the market is waiting for the breakout, triangular pattern(3) will be the key trading area for the next 24 hours.
The price is staying in the horizontal zone(5), major resistance remains at 1835.
S-T Resistances:
1840
1833-35
1830
Market price: 1824
S-T Supports:
1820
1815
1810
If you like our work, please give our team a thumbs up. Feel free to leave a comment, let us know what you think!
P. To
The overall pattern has changed much on the 1-hour chart due to the US market holiday. Upper resistance remains at 1833-35(1), with S-T trend line(2) is currently supporting the market; While the market is waiting for the breakout, triangular pattern(3) will be the key trading area for the next 24 hours.
The price is staying in the horizontal zone(5), major resistance remains at 1835.
S-T Resistances:
1840
1833-35
1830
Market price: 1824
S-T Supports:
1820
1815
1810
If you like our work, please give our team a thumbs up. Feel free to leave a comment, let us know what you think!
P. To
P. To @ 1uptick Analytics
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