Monday, November 21, 2016 1:25:37 AM
Gold is right on its 9 year support bar.
9 year Weekly
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&st=2007-11-20&en=(today)&id=p13584162402
If it becomes resistance then lower targets come into play soon.
Does rsi have to hit 30 or tsi -20 and get into oversold before it can rally again?
You can see the pivots and price lows besides the bar support/resistance.
That's from the LT view.
2Year Weekly
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=0&dy=0&id=p95170009452
Could test back to 1243. Long bar clearly shows decision time likely this week.
1 year daily.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p64121242352
Already below strongest support which lines up with that 2 year 1243 and S-2 pivot which could also be resistance line.
1200 not only psychological round # resistance/support it is the one year price low.
From the 9year, 1191.7 price high is a possible bounce point as well.
Put all 3 time frames together and the zones are pretty clear and tight. In fact, tight enough to all fit within an algobot.
That's my picture of your picture.
9 year Weekly
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&st=2007-11-20&en=(today)&id=p13584162402
If it becomes resistance then lower targets come into play soon.
Does rsi have to hit 30 or tsi -20 and get into oversold before it can rally again?
You can see the pivots and price lows besides the bar support/resistance.
That's from the LT view.
2Year Weekly
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=2&mn=0&dy=0&id=p95170009452
Could test back to 1243. Long bar clearly shows decision time likely this week.
1 year daily.
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p64121242352
Already below strongest support which lines up with that 2 year 1243 and S-2 pivot which could also be resistance line.
1200 not only psychological round # resistance/support it is the one year price low.
From the 9year, 1191.7 price high is a possible bounce point as well.
Put all 3 time frames together and the zones are pretty clear and tight. In fact, tight enough to all fit within an algobot.
That's my picture of your picture.
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