Technical Analysis: Gold - Wednesday, Oct. 15
Gold held onto the second support zone at 4090, whilst managing to add more advance towards a new record high.
Our target is still towards 4235, and as we see over the Intraday chart, the market is facing support at 4140-45. If prices remain above this area, the advance could sustain toward 4235.
Below 4140 more of a drop could hit the market, while the second support zone is now at 4090-4110 which could re-activate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4165 | 4195 |
| LEVEL2 | 4140-45 | 4215 |
| LEVEL3 | 4110 | 4235 |
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Technical Analysis: GBP/USD
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