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Gold Consolidates Above Key S/T Supports At $1300 Zone, Overall Bearish Structure Favors ...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Spot Gold consolidates above $1306, low of two-week fall from $1352 that came close to key near-term support at $1302 (low of 01 Sep, reinforced by daily Ichimoku cloud base). Overall bearish structure keeps focus at the downside, for final attack at $1302 breakpoint and $1298 (lower boundary of short-term bear-channel off $1375 peak).[​IMG]

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