April 7, 2015
- Gold 4 hour looks like a possible Inverted head and shoulders pattern. which is bullish.
- But Daily is still below 200 SMA.
- Even if gold bulls manage to cross 200 SMA they have to do more as the Weekly cloud may act as stiff resistance. So till price crosses the cloud Gold bears are safe.
- APPLE TRIANGLE BREAKOUT
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.