DAILY CHART OF GOLD
GOLD WEEKLY CHART
GOLD WEEKLY CHART
- First chart is the daily chart of gold with 50 day moving average.
- Price has started to move away from the 50 DMA.
- Next important support level in daily time frame is at 1314 area.
- Weekly chart too gives a bearish picture with price breaking 20 week moving average.
- But the trend line in weekly chart shows a correction in a larger bull market. Unless price breaks below the weekly trend line this will end up as a pull back followed by another up move.
- SILVER LOOKS WEAK
No comments:
Post a Comment