February 20, 2016

GOLD Chart analysis

  • GOLD Week moves above the cloud. Price was last seen above weekly cloud back in 2012. Price also has broken above the falling resistance line connecting major swing high's during this down trend. 
  • 1300 levels may act as stiff resistance if price manage to extend this bounce. Immediate support near 1180 levels. Weakness if price falls below this level. 

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