Gold bought at Supply Zone (1184-1179).
Gold pierces Resistance trendline, and falls in Demand Zone (1237-1245)
Gold to retest Demand zone (1237-1240); and pierces Resistance trendline (1243-1245).
RSI will present Gold is Overbought.
Stop Loss: 1250
Take Profit:
1.1219
2. 1st Supply Zone (1213-1206)
3. 1206 Support Trendline
4. 2nd (Green) Suppy Zone...
Price is consolidating with a tight Support and Resistance - 16.138-16.838.
Awaiting bearish breakout, then for price to continually fall.
SILVER Long: 15.68-15.844 (Golden Circle)
Stop Loss: 15.160-15.400
Take Profit: 26.560
Gold Short: 1306 (at point of Resistance Channel)
Take Profit: 1290-1285
Gold Long: 1290 (at Support trend line)
Stop Loss: 1285
Take Profit: 1319-26
RSI Downtrend breakout set to occur after piercing support trend line at 1290 @ RSI Lower band 32-30
Double Top affirms Demand lacks strength. Hence, take profit at Supply Zone - 1319-1326
