Gold at Critical Juncture. Potential bounce.
August month is closing.
Channel and horizontal supports.
Closing Triangle a 5 waves, within larger triangle b. 200 sma, tagged.
Price sits on 61.8 % retracement of 3/6 move.
Price sits on 38.2% retracement of 2000-1 year move. (As a note, 50% of this equals 1084)
Bullish Gartley. Oversold. RSI Stoch turning up.
Resistance levels : 1300 , 1322, 1345
August month is closing.
Channel and horizontal supports.
Closing Triangle a 5 waves, within larger triangle b. 200 sma, tagged.
Price sits on 61.8 % retracement of 3/6 move.
Price sits on 38.2% retracement of 2000-1 year move. (As a note, 50% of this equals 1084)
Bullish Gartley. Oversold. RSI Stoch turning up.
Resistance levels : 1300 , 1322, 1345