September 5, 2013


  • Gold daily chart shows weakness. 
  • Confluence of support around 1330 - 1340 zone may avoid a bigger fall in gold.
  • Breaking below this zone on closing basis may change the bullish structure of short term charts.



  • 4 Hour chart shows price testing crucial 38.2% Fib level
  • One hour chart shows  a bullish cross with 50 and 200 Hour sma.
  • Hour in a small trading range. Bullishness will be intact as long as price stays above 50 and 200 Hour SMA.

Disclaimer

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.

Followers

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