Daily Commentary

 

Gold has been in a well-established trading between 661 ~ 669 since two weeks ago. Potentially, we can expect quiet trading sessions due to Easter holidays.

Current near term support will be around 663 and resistance area would be at 667. Short/Medium term resistance will be at 673 and support will be around 660.

Current trend is slightly bullish at the time of analysis. Key levels to watch are 667 to upside and 662 to downside. Possible upside target would be around 673 and downside target can be around 660 if near term support and resistance levels are violated.

P.s. Click here for samples detailed analysis.

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.

 

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!

Trading Platform to trade gold, silver and forex => Click Here