Friday: “A move up to $1330 seems a decent prospect…I’d buy a bounce off the 13-fourhourly EMA.” Gold bounced from right where I was expecting and has hit my first target. I am now looking for $1350 before too long.
DAY: I’d buy a bounce off the 21-HOURLY EMA.
POSITION: None.
| SUPPORT | RESISTANCE |
|---|---|
| $1318.19 | $1375.22 |
| $1312.52 | $1360.63 |
| $1290.13 | $1345.69 |
| $1281.18 | $1329.22 |
