July 9, 2013

GOLD Triangle update

  • Gold gave a breakout from the triangle in four hour chart. Price is now retesting the triangle resistance line which may act as support for this correction.
  • Fib levels shows resistance at 38.2% Fib level which must be crossed for a bigger up move to happen. Weakness on price falling below 23.6% Fib level.

No comments:

Post a Comment