February 1, 2014

GOLD Support and Resistance levels

  • Gold 4 Hour chart shows price at a crucial support line. Daily chart shows price above 50 Day SMA.
  • Weekly chart shows resistance at 20 Week SMA.
  • One of these bullish or bearish levels must go for a bigger move to happen. Bearishness if confirmed in weekly chart is likely to affect the daily time frame as well which may result in a breakdown below 50 Day SMA.
  • SILVER Descending Triangle Pattern

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