Gold Bulls Are Back In Control
Jason Sen | Sep 22, 2016 06:13AM ET
Gold bulls back in control and a break above 1338 targets 1342/43 then important trend line resistance at 1349/50. This is the most important resistance of the day as we become overbought short term. Try shorts with stops above 1353. A break higher is a buy signal however and targets 1358 then 1363/64.
Failure to beat 1337/38 targets first support at 1330/29. This could hold the downside with bulls in control but below here look for a buying opportunity at 1324/23. Longs need stops below 1319.
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