December 19, 2013

GOLD Death cross of Weekly chart

  • Gold weekly chart shows price nearing crucial support or recent swing low at 1180.
  • Second chart shows the death cross in weekly chart.
  • Month chart  shows Golden ratio near 1150 levels. If Golden ratio is not held then the death cross is likely to perform well. Up moves from these levels are also likely to face selling pressure at Higher levels because of the Death cross in weekly chart.
  • ES Previous resistance as support

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