LuckyDinAZ

Uptrend intact? For now.

TVC:GOLD   골드 (US$ / OZ) CFDs
5
1126, 1191, 1201, 1215 all tested and now 1247 is coinciding with the 200 day ma. Rejection from 1290 recently occurred meaning an attempt at 1300 maybe possible. Will change my mind if the RSIs flip, but for now the short term 6 and 12 are still leading above the longer 24. Also 1247 is a key level with lots of noise for the last few months, if it holds, expecting a move to 1280+ if it doesn't hold expecting a move to 1230- based on longer term support and resistance trends. Positive for now, as I am expecting a short term double top in the larger markets with additional downside to longer term support lines, confirmed with an inside candle for SPX today and the VIX maintaining a higher level.
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