GOLD: after hitting a new high in 2012, gold reversed and is now $15 off that high. First I will look at some of the levels. At support 1740.00 is a key support area to watch. That area was tested on Sept. 26 and it held. Key resistance areas are at 1856.00 and 1875.00.
Near term support is at 1753.00. And then we see 1663.25.
Alternatively, we see near term resistance at 1791.49. A break there can test 1802.80 and then 1819.05.
DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
