August 11, 2011

GOLD Channel violation

CHART-II
CHART-I
  • Hour ascending channel has been violated.
  • Price has to stay below 50 Hour moving average for bears to extend profits.
By at

3 comments:

  1. UnknownAugust 11, 2011 at 11:25 PM

    THERE IS BEARISH ENGULFING ON DAILY CHARTS , RSI READING IS OVERBOUGHT.. MAYBE SHORT TERM TOP IN PLACE...

    ReplyDelete
  2. SanAugust 12, 2011 at 12:02 AM

    @GIRESH TILWAANI
    I saw that bearish engulfing and i am waiting for this daily candle to close to confirm that.

    ReplyDelete
  3. Eagles EyeAugust 12, 2011 at 7:16 AM

    It has developed a negative divergence also. But due to the European problems it is defying the technical indicators and keep holding and moving up.

    ReplyDelete

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