April 5, 2011

ASCENDING Triangle of GOLD

CHART-II
  • Ascending triangle discussed below has given a breakout. Now for the bulls daily candle should close near the high of the day. 
CHART-I
  • GOLD Daily chart is showing an ascending triangle pattern.
  • Support levels are getting higher on chart So price should breakout through the resistance level.
  • Price closing and sustaining above 1442 level can give good upsides for Gold.
  • Target for this pattern comes around 1500 level.
  • ES SUPPORT AND RESISTANCE LINES

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