Gold / US Dollar, Daily Chart Analysis 12/8
Technical Analysis and Outlook
The Gold completed its journey to Gold Rally $1248 as projected by Trade Selector Signal on posted chart Nov 5 via Mean Resistance $1233.50 in its two-phase Stage 1 move. On the downside, we have newly created fairly weak Mean Support $1237, while more significant Mean Support rests at $1215. (For the latest market talk, please see the site 'Market Commentary' tab).
The Gold completed its journey to Gold Rally $1248 as projected by Trade Selector Signal on posted chart Nov 5 via Mean Resistance $1233.50 in its two-phase Stage 1 move. On the downside, we have newly created fairly weak Mean Support $1237, while more significant Mean Support rests at $1215. (For the latest market talk, please see the site 'Market Commentary' tab).