In the previous post on the daily bar chart pattern of Gold, the possibility of a breakout above 1280 and resistance from the zone between 1290 and 1310 was mentioned.
On Nov 1, gold's price did breakout above 1280 but faced resistance from 1290. The next day, gold's price spurted to 1310 but couldn't move higher. During the next two days, 1310 continued to provide strong resistance.
-- On Nov 1, gold's price did breakout above 1280 but faced resistance from 1290. The next day, gold's price spurted to 1310 but couldn't move higher. During the next two days, 1310 continued to provide strong resistance.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/11/gold-and-silver-charts-succumb-to.html
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