January 29, 2012

GOLD Weekend update

  • Daily chart shows Golden ratio and resistance levels between 1760 - 1770 levels.
  • Weekly chart too shows a channel resistance line between the above mentioned levels.
  • Problem for bears of gold is that this weekly channel was violated many times in the recent times. So another channel break and a bigger up move cannot be ruled out.
  • QQQ WEEKEND UPDATE

No comments:

Post a Comment