Daily Commentary

 

Gold was in a tight trading range all day after a massive rally on Wednesday..

Current near term support area would be at 673. Short term strong resistance will be around 680 and support will be around 670.

Current trend is slightly bullish at the time of analysis. Key levels to watch are 680 to upside and 675 to downside. Possible downside target can be around 671 and upside target will be around 685.

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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