Daily Live Trading Room
See our charts, hear our voice and ask us questions, 5 days/week, during Asian, UK & US sessions. Stop trading alone - join us! Just $29.95 per month.
Resistance: 1591.25 minor/1604.85 minor
Support: 1581.65 moderate/1568.05 strong/1558.45 moderate
GOLD has a bullish bias with Morning Star (Doji) in Hourly charts suggesting a further push higher. As a high level pattern aggressive buys may be taken with 1591.25 as the immediate objective break of which opens the possibility of a run to 1604.85. Stop losses ideally should be placed below 1581.65. Proximity to 1581.65 would be ideal.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices
