Tuesday, October 13, 2015 1:25:33 AM
10/12/15 Gold (reply to a private mail)
As prior post mentioned, Gold price will meet a resistance 1153-1162 (, and then 1169.); Thus pretty much the swings observed in the following two sessions. now, 1153 is becoming a support.
To be bullish, price needs to close above 1169-1171. if so, imho, there is a 50/50% odd to see 1193-1196, somewhat tight on timing to see 1250.
- Gold price is very speculative.
- Fibonacci/Cycle projections provide rough guides, it is not a crystal ball.
Gold Futures - Dec 15 (GCZ5)
http://www.investing.com/commodities/gold-historical-data
As prior post mentioned, Gold price will meet a resistance 1153-1162 (, and then 1169.); Thus pretty much the swings observed in the following two sessions. now, 1153 is becoming a support.
Date HI LO
Oct 13, 1163.50 1152.60 (session Ongoing)
Oct 12, 1166.80 1155.90
Oct 11, 1156.50 1154.50
To be bullish, price needs to close above 1169-1171. if so, imho, there is a 50/50% odd to see 1193-1196, somewhat tight on timing to see 1250.
- Gold price is very speculative.
- Fibonacci/Cycle projections provide rough guides, it is not a crystal ball.
Gold Futures - Dec 15 (GCZ5)
http://www.investing.com/commodities/gold-historical-data
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