March 11, 2015

GOLD Support levels

WEEKLY CHART
DAILY CHART
MONTH CHART
  • Weekly chart shows a falling support line or channel which may give a reversal.
  • Daily chart is also shown with recent lows as support levels.
  • If the daily and weekly channel does not hold then the Month Golden ratio will also be violated. This can take gold below 1100 levels.
  • Gold bulls must protect the Channel support line shown in first chart to avoid bigger falls.

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