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Gold Manages To Hold Descending Trend-Channel Support

Discussion in 'Technical Analysis' started by Kaitlin, Nov 21, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Although, the precious metal dropped to its lowest level since 2010, it managed to hold and rebound from the lower trend-line support of a medium-term descending trend-channel support, held since mid-2013. The pull-back, however, might continue facing immediate resistance near 1100 level, marking lows held in Sept. and Oct. 2015.[​IMG]

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