February 14, 2013

  • First chart shows price nearing crucial support resistance zone between 1620 - 1630
  • Golden ratio in weekly chart is also around the same level.
  • Price has violated 100 Week SMA. Bears of gold need a weekly close below 100 Week SMA to extend the fall beyond the above mentioned support levels. 


Post a Comment


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.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore