- False breakout usually gives fast result on the opposite side that's what happened here.
- Now 52.10 levels and 100 SMA are crucial. Price is already below 100 SMA. If 52.10 is not held then bigger correction is possible.
- Staying above 52.10 and moving above 100 SMA can avoid a bigger fall.
- GOLD Support levels
January 3, 2017
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.