September 3, 2011
- If price continue to stay above 5 day high EMA and 20 SMA then this up move will sustain till the GAP are mentioned in the second chart.
- Weekly parallel lines are also crucial. price having taken support near the lower parallel line is staying near the middle parallel line. If weekly candle closes above the middle line then bulls will be able to extend this up move. Failing to move above the middle line will favor bears.
- GOLD RANGE BREAKOUT
- US DOLLAR AND EURUSD CHART ANALYSIS