October 12, 2010

GOLD: Hour chart in a range

CHART-III
  • GOLD Breaks out of the range and exceeds the target.
CHART-II
  • Gold has taken support at the levels mentioned below. It is rallying to the top of the range at 1355. Breakout above 1355 will target 1364 levels.
CHART-I
  • Gold Hour chart is in a range of 1339 - 1355.
  • An hour closing outside this range will give a clue to which side gold is going to move.
  • EURUSD Channel breakdown

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