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Resistance: 1661.75 moderate / 1669.35 minor / 1683.15 minor
Support: 1647.95 strong / 1640.35 moderate / 1626.55 minor
Market is generally bullish with GOLD just under a moderate resistance at 1661.75. With a high level bullish candlestick pattern, Three Outside Up in Hourly charts, look for a break of 1661.75 and consider buys with 1669.35 as the immediate objective possibly on to 1683.15. A stop loss should be established below the pattern low.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices
