Wednesday's Gold Forecast:
Oops, kind of a nasty day today in the gold contract especially on the hourly. There was a huge outside hourly spike that was resolved to the downside, Volume was stronger on a lower low and lower high closing down 7 pts at 1306. The bottom line is in order to reverse this hourly weakness now gold must climb and maintain 1317 or face another probable run under 1300. Gold closed at 1306, we see support at 1304, 1299, 1294, 1291, 1286, 1282 and resistance at 1311, 1316, 1319, 1322, 1326, 1331, 1334.
Hourly and Daily Weakness in Gold Contract
Started by
SemiBizz
, Jul 22 2014 10:13 PM
1 reply to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 22 July 2014 - 10:13 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
dougie
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- Traders-Talk User
- 9,052 posts
Member
Posted 23 July 2014 - 01:37 AM
yep until we clear 1337 nothin doing
