My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 4, 2016
GOLD Chart update
Gold testing its recent resistance zone at 1260 levels. 4 Hour looks like an Ascending triangle kind of pattern which is bullish. For bulls price need to stay above the cloud and the support line shown in 2nd chart for a bigger breakout to happen. Weakness only if price falls back below the cloud.