November 10, 2014

 
  • GOLD One hour chart pausing at 200 Hour SMA.
  • Gold daily chart shows the Bounce pausing at previous broken support level.
  • Weekly chart shows  a Doji which needs confirmation with Bullish price action. Price needs to stay above 1180 level 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