September 29, 2011

GOLD Support and Resistance levels

  • Hour chart of gold shows a range 
  • 100 Hour SMA is acting as resistance.
  • Price breaking above 100 hour SMA will take gold to the top of the range.
  • Bigger up move possible if the range is violated on the up side.
  • Unable to break above 100 Hour SMA will favor bears of gold.
  • GOLD RESISTANCE LEVELS IN WEEKLY CHART

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