Gold, 7.6 Today's Must ReadOne word:
Gold rose yesterday and then fell, the daily small negative line closed, rose to test 1935 a line of resistance, and then fell. Key resistance 1938-1940 has not broken through, chronic rebound facing key resistance, as long as the rise does not break 1938-1940 resistance, the short term will still fall back. Yesterday's upward probe after a rapid conversion down, although the daily line is still a small negative K-line, the entity is not large. However, the retracement broke the cycle's initial chronic finishing space and reverted to a weak run below 1920. The daily is still in the range of the oscillation correction. Waiting for a breakthrough.
h4 hourly chart double negative probe high fall, fell below the middle rail and closed under. 4 hourly chart broke the ascending steps, while at the platform highs blocked fall, today as long as not the second recovery 1935 high resistance position, the market sentiment is bearish again, combined with the dollar slight signs of stabilization rise. The 1-hour chart is a wave of continuous negative setbacks, the current mid-rail into resistance, as well as 1919-1920 near the conversion into resistance, is expected after the Asian horizontal finishing, will first inertia down.
