Gold - Intraday - We look to Buy at 1680 (stop at 1670)
Price continues to trade within the triangle formation. Expect trading to remain mixed and volatile. Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Price action continued to range between key support & resistance (1661 - 1740) although we expect a break of this range soon. Preferred trade is to buy on dips.
Our profit targets will be 1710 and 1724
Resistance: 1710 / 1724 / 1740
Support: 1680 / 1670 / 1661
Price continues to trade within the triangle formation. Expect trading to remain mixed and volatile. Posted mild net daily gains but all trading confined to the previous days range, an indecisive Inside Day. Price action continued to range between key support & resistance (1661 - 1740) although we expect a break of this range soon. Preferred trade is to buy on dips.
Our profit targets will be 1710 and 1724
Resistance: 1710 / 1724 / 1740
Support: 1680 / 1670 / 1661
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