ok..so we had 1380 supp and 1413 res
these were both tested
1380 broke today
so we change the reversal to locate the next supp
see the aqua line/horizontal supp.. at 1359 area...previous..not been hit as yet
1380 supp should act as a decent res
above there is some trend res also at 1390 area
the trend is still bullish...but we watch to see the test of supp/res
yeah....but going into nfp
watch that support to break ??
4 hour data
supp is in at 1.3090- 1.3120/green
then there horizontal supp/purple in 1.3020 area
trend still up..but needs to stay above 1.3000
lets see what happens
a look at the whole upmove in spotgold
4 hour data
$5 box
the move started on 28 june
a trend test on friday/nfp..this does not show completely on this chart as it plots 4 hour close.that area is horizontal white line.there is a previous breakout point /yellow at 1345 area
trend res /purple is at 1400 area.then horizontal res above
all these areas could get tested next week
a look into next week
spot oil
5 min data
shows the trend/up that started on sept2
2 phases
1.green supp line
2.a new trend that started on sept 5th
so..either we break res/red
or we test support
1.horizontal supports.you can pick these up from a candle chart
2.trend supp aqua/purple area $109 area
there is a previous breakout point at 108.50 area/orange
or..back into the main supp area at 108
gold etf
gld 60 min shows the price action very clearly
uptrend retrace
price now testing support area
trend support now and soon previous horizontal support
