Gold first resistance on Friday

http://www.goldtrends.net/

As asian trade opens up on Friday ---- look at the 1417.50 area as first resistance and key looks to be the 1422-1425 area. Those are the key area's to watch. GOLD needs to close above that 1425 area to NEUTRALIZE this pullback. So far the push back up is arriving at the first resistance area on the chart. FIRST KEY SUPPORT IS THAT Secondary low in the 1407 area. Short term risk is higher than normal --- daily support is 1398-1403. Remain cautious.

No comments: