The explosion higher after the jobs report puts the bulls in full charge
and favors higher to next week. Once again commodities exploded for the
3rd Friday in a row. Support is now 1718-1730 and resistance is now the
1760-1767 area which should be reached next week. The market is likely
heading towards 1767-1800 in September.
Support 1729-1735 for the remainder of the day and resistance is 1741-1745 intraday but the ranges have been expanded to 1760-1767 . In sum the trend remains up and the market should see the 1760-1767 by next week.
Support 1729-1735 for the remainder of the day and resistance is 1741-1745 intraday but the ranges have been expanded to 1760-1767 . In sum the trend remains up and the market should see the 1760-1767 by next week.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
