Gold – To Bounce or To Break?

04 Apr - Gold Daily

(Click on image for larger view)

Hi All,

Just a quick update on Gold.

This metal has been cycling healthily downwards for awhile now (as shown by channel). Apart from a short term support level around 1556 (Not drawn), it is also about to hit a major road block around 1530.

In an ideal world, price would likely Break or Bounce that level and I would be interested in either of them. Who knows the future right? So let us just wait aside and watch as price slowly unveils itself.

Thank you for reading and have good week ahead.

Ps. Beware of the Non-Farm on Friday.

 

Leave A Response

* Denotes Required Field