Gold Update - Oct 15
Gold was trading around $4,245 high, then a sharp crash to $4,068 low today.
Strong V-shape recovery from $4,068 support, now at $4,154. This is a classic reversal zone.
My view:
Support: $4,068 (Strong buy zone)
Resistance: $4,220
Current: $4,154.59
I think if gold holds above $4,140, next target is $4,200 again. If $4,068 breaks, could go to $4,000.
Are you buying dip or waiting?
#Gold #Trading
Gold was trading around $4,245 high, then a sharp crash to $4,068 low today.
Strong V-shape recovery from $4,068 support, now at $4,154. This is a classic reversal zone.
My view:
Support: $4,068 (Strong buy zone)
Resistance: $4,220
Current: $4,154.59
I think if gold holds above $4,140, next target is $4,200 again. If $4,068 breaks, could go to $4,000.
Are you buying dip or waiting?
#Gold #Trading