I prefer to watch gold on a daily basis using the Amex gold index HUI as a trigger. And so when I draw S/R I bracket it (i.e. resistance) swing high and that bars close or the following days high, whichever is greater and (i.e. support) swing low and that bars close or the following days low, whichever is lesser.
On my chart, the points with the asterisks all have long wicks which show trading into this zone in the past and met resistance so...... I sort of agree with the original post. At least by looking at $HUI.
On my chart, the points with the asterisks all have long wicks which show trading into this zone in the past and met resistance so...... I sort of agree with the original post. At least by looking at $HUI.