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GOLD - N/T Consolidation Holds Above Thick Daily Cloud, Further Upside Favored

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Spot Gold consolidates after four-day rally from $1302 that peaked at $1352. Wednesday's close in red signaled a breather of strong recovery phase. Narrow consolidation was so far contained above $1341, top of thick daily Ichimoku cloud, which offers strong support and is expected to hold ahead of fresh attempts[​IMG]

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