Gold Trend 09/06

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Gold once again rejected by 1900 yesterday. The uplifting momentum has slowed down after the price escaped the S-T support line(1) in the Asian session. Price sank below 1895 and the day ended at 1891.

The S-T trend has shifted from upward to horizontal. Before a new S-T trend is formed, the price should trade between 1880-1910(3).

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Gold maintains its path with 1890-1910 on the daily chart(4). S-T high/low are now set at 1880/1903.

S-T Resistances:
1908
1900
1895

Market price: 1893

S-T Supports:
1890
1884
1880

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