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Gold Targets 1,147 For Fourth Consecutive Day

Discussion in 'Technical Analysis' started by Kaitlin, Oct 9, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    From Tuesday till Thursday the precious metal was unable to penetrate the monthly R1 at 1,147. This resistance is strengthened by the 50% Fibonacci retracement of the May-July 2015 downtrend at 1,151. Following a bullish bounce back from yesterday's lows around 1,138, we expect the bullion to continue attacking the[​IMG]

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