September 22, 2016

GOLD Chart analysis

  • Week is moving towards the resistance line as shown in first chart. Price is moving up from the Middle Bollinger band. If the resistance line shown in first chart is broken a bigger up move is possible in Gold.
  • One can track the strength of this up move with 20 SMA in 4 hour time frame. If price stays above this a bigger up move is possible

No comments:

Post a Comment