November 2, 2011

Channel of GOLD

CHART-II
  • Gold hits the channel top as discussed in the below chart. Price may correct further if the small channel shown in red color gets broken. Bigger up move is possible once the resistance line of the bigger channel gets broken.
CHART-I
  • Gold Moving up towards the resistance line.
  • This up move may extend till 1760 - 1770 levels.
  • Stochastic is approaching overbought levels. Short trades can be taken at the resistance line if price shows weakness.
  • MCX ALUMINUM CHART

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