GOLD OUTLOOK 15 Oct 2016
Updated
Hi Guys,
As mentioned yesterday, gold might go up to test the resistance and it did broke up to fibo 78.6%. Later it fall back to current level at 1492. Today all market is open, hope for a good volatility. My bias still short for gold until 1460 before we buy again. H1 and H4 showing signs for bearish. However, in current uncertainties in market due to trade war and etc, gold might climb up again to test the resistance. Trade safe. Comments are accepted...
As mentioned yesterday, gold might go up to test the resistance and it did broke up to fibo 78.6%. Later it fall back to current level at 1492. Today all market is open, hope for a good volatility. My bias still short for gold until 1460 before we buy again. H1 and H4 showing signs for bearish. However, in current uncertainties in market due to trade war and etc, gold might climb up again to test the resistance. Trade safe. Comments are accepted...
Note
Gold fall nicely to 1480... might go down to 1460 but this is swing setup... trade safe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.