Gold: Good Support At 1331/30
Jason Sen | Sep 27, 2016 02:42AM ET
Gold has just held first support at 1336/35 as I write for a retest of minor resistance at 1342/43. Further gains meet important trend line resistance at 1349/50. This is the most important resistance of the week. Try shorts with stops above 1353. A break & close above 1351 however is a buy signal & targets 1358 then 1363/64 this week.
Good support at 1331/30. A break below 1326 however meets an excellent buying opportunity at 1323/22. Longs need stops below 1318.
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