Monday, August 10, 2015
Gold Intraday Pivot Levels for 08/10/2015
You know you got yourself a major pivot zone when you have three touches on either side of a particular price level. The 1095.50 area is a MAJOR pivot area on XAU/USD (GOLD)! The market had a very hard time getting over this zone, and once it did, the 1095.50 price level then acted as support about three times as well. When a price level is respected this many times in such a short period: you know the "big boys" are watching it!! This level is very likely to act as support in the future, since price is now trading above this area.
