Technical analysis of Gold for October 16, 2014
Technical outlook and chart setups: Gold push through initial resistance at $1,240.00 levels and made fresh highs at $1,250.00 yesterday. The metal is expected to correct itself towards $1,210.00 levels before rallying further. Please note that $1,208.00 is the 0.618 fibonacci support of the rally between $1,183.00 and $1,250.00 and it is also converging at […]