May 11, 2012

GOLD Chart Analysis

  • Gold bulls trying to hold on to 78.6% Fib level.
  • Price is also at the channel support line.
  • If these two levels hold an up move possible towards the Golden ratio.
  • Breakdown below 1572 on closing basis should give 1522 levels.

1 comment:

  1. Thanks for your daily effort to provide us with decent technical stuff (channels, TLs, patterns, Fibs, Ichimoku etc.)

    I often come here and use your charts in my trading.

    I just wanted to let you know that your work is much appreciated, even if I don't comment on and say "thank you" for each of your charts.
    But would greatly miss this site if it were gone.
    Best wishes,