- Going into the close last week, gold looks to have possibly made a re-test of a descending trend-line after breaking through
- Indicated next resistance level @ 1260 we could encounter before another pull-back
- Equally, as we have the FOMC rate hike this week, we could see a deeper pullback and further bearish moves so I have indicated a support
level I beleive we could bounce from in this scenario
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Indicated next resistance level @ 1260 we could encounter before another pull-back
- Equally, as we have the FOMC rate hike this week, we could see a deeper pullback and further bearish moves so I have indicated a support
level I beleive we could bounce from in this scenario
THIS IS NOT TRADE ADVICE NOR A TRADE CALL