October 14, 2014

  • Gold Weekly chart shows price trying to find support near the 1180 levels. 
  • Daily chart is yet to clear 50 Day SMA. Unable to move above this level and 200 SMA may lead to further falls.
  • 4 Hour and One hour charts are trying to stay above the cloud. Price staying above 4 Hour cloud will give hope for Gold bulls.


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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