February 21, 2012
- Gold daily chart with support at 1704 and resistance at 1763.
- Price is moving up and may test the resistance level. For a bigger up move towards 1802 price has to trade above the golden ratio shown in second chart.
- Weakness at golden ratio may give a correction towards the support levels.
- MCX GOLD TRIANGLE PATTERN
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.