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Gold Eventually Broke Below Thick Daily Cloud, Pressure At 1302/06 Higher Base

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Gold is in red for the sixth consecutive day and hit session low at $1306 (also former low of 16 Sep and part of $1302/06 daily double-bottom. Yesterday's final break and close below $1312 (base of thick daily cloud, reinforced by bull-trendline off $1061 low), generated another strong bearish signal[​IMG]

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