Daily Commentary

 

Gold rallied again on last Friday and hit 9-month high at 688.

Current near term resistance area would be at 687. Short term strong support will be around 681 and resistance will be around 696.

Current trend is bullish at the time of analysis. Key levels to watch are 688 to upside and 680 to downside. Possible downside target can be around 675 and upside target will be around 696.

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.

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