S-T rebound approaching, target around 1950. Gold made a new weekly low before the weekend, completing the downward cycle mentioned in our previous analysis. The price cleared the S-T resistance(1) on Thursday, triggering a round of buying toward 1965. The decline began by Friday's pre-US session; it had fallen below the 1950 support, and the price dropped further during the US session, touched a new weekly low at 1935, and closed the week at 1938, down $53. 1-hour chart – The downward …
Gold Trend 13/11 for TVC:GOLD by 1uptick
S-T rebound approaching, target around 1950. Gold made a new weekly low before the weekend, completing the downward cycle mentioned in our previous analysis. The price cleared the S-T resistance(1) on Thursday, triggering a round of buying toward 1965. The decline began by Friday's pre-US session; it had fallen below the 1950 support, and the…
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