GOLD 0.51% $1,391.7 gold futures

spot gold : resistance at 966.2

  1. 1,248 Posts.

    Spot Gold  : Resistance at 966.2

    Monthly Cycle Pivot Center : 961.8 - 963.8 - 966.2
     Normal Lower Limits : 827.0 - 850.0 - 861.5
    Normal Upper Limits : 1070.8 - 1073.6 - 1100.6

    Weekly Cycle Pivot Center : (865.6) - (895.6) - (921.8)
     Normal Lower Limits : 801.9 - 846.7 - 869.2
    Normal Upper Limits : 929.3 - 944.6 - 974.3



    As shown in the monthly cycle charts the monthly cycle normal trading range is defined at 879.0 - 1018.5. The market momentum is strong when it is trading within the weekly cycle normal upper limits at 929.3 - 944.6 - 974.3. The short term upside targeting range is the monthly cycle pivot center at 961.8 - 963.8 - 966.2.

    Directional Indicator : (865.6) - (895.6) - [901.7] - (921.8) - [930.2] - [930.5] - 953.9* - 959.7* - 961.8 - 963.8 - 966.2 - 984.2*

    Spot Gold : Monthly Cycle Charts
    http://www.qindex.com/gold.html
    Albert Cheung (Ph.D.)
 
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