February 21, 2012

GOLD Support and Resistance levels

  • Gold daily chart with support at 1704 and resistance at 1763.
  • Price is moving up and may test the resistance level. For a bigger up move towards 1802 price has to trade above the golden ratio shown in second chart.
  • Weakness at golden ratio may give a correction towards the support levels.
  • MCX GOLD TRIANGLE PATTERN

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