GOLD Forecast Nov 12 - 16

The bulls finally came back for Gold after taking a 4 week break. After testing the bottom channel at 1672.35 , it gained through-out the week to close at 1730.95 . Early week may see a test of critical support at 1715.50 , should this support holds, then the bulls may extend its play to target 1775.50 . Otherwise, last week’s counter trend may end, and the bearish channel will play out to target the bottom channel at 1645.50 .

Akhirnya sang banteng kembali ke pasar emas setelah absen selama 4 minggu. Setelah mengetes bottom channel di level 1672.35 , ia menguat seminggu penuh dan menutup di level 1730.95 . Awal minggu depan mungkin akan ada percobaan terhadap support kritis di level 1715.50 , apabila support ini mampu bertahan, maka para banteng akan melanjutkan permainan dengan sasaran di level 1775.50 . Jika tidak, konter tren minggu lalu akan berlalu, and pergerakan akan mengikut bearish channel dan target ke bawah di level 1645.50 .

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