Sunday, January 5, 2014

Gold Support and Resistance 240 minute chart

The Camarilla Indicator shows that price has met resistance on the four
hour chart and has temporarily dropped back after a bullish bar. The
market is still looking for direction as the markets have not been open
for long at this time.
Technical analysis is fascinating as there are many methods of measuring what is occurring with price and as trading goes on during the week many factors can come into play.



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