Gold: First Resistance At 1135/36
Jason Sen | Sep 22, 2015 02:19AM ET
Gold's first resistance is at 1135/36, but above here strong resistance at 1140/41 for a selling opportunity again today. There is a good chance this will hold the bear trend bounce, but shorts need stops above September high at 1147. Be ready to buy an unexpected break above here to target 1151/52 for an excellent selling opportunity.
First support is at 1132/31, but the outlook is quite negative so a break lower today targets 1128, then good support at 1125/24 for profit taking on shorts. There is good support from here down to 1122 which should hold the downside today, but a break lower targets strong support at 1116/1115. Try longs with stops at 1111.
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