Daily Commentary

 

Gold found support at 656 and reversed extremely high yesterday.

Current near term support area would be at 674. Short term strong resistance will be around 682 and support will be around 669.

Current trend is bullish at the time of analysis. All the indicators are turning back to bullish mode. Key levels to watch are 681 to upside and 674 to downside. Possible downside target can be around 664 and upside target will be around 688.

Good Luck!

Thanks for listening!

Gold Trader

p.s We are arranging to give away some classic Robert Prechter's Elliott Wave Principle Books. More information will be posted on our main website soon.

 

p.s If you are intested in studying historical price data for gold, silver, forex, and US stocks, etc, you can download in CSV format from Trading Tools>Market Information page.

I have also posted the signals on my main web site in the individual chart page.

For subscription based analysis sample, you can find it in "Samples" page of my main website.

For Elliott Wave International's Commentary, please visit here!

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