February 15, 2014

GOLD Target levels for the up move

  • Gold Bulls are able sustaining in the bullish zone above 200 Day SMA. If the corrections are going to be shallow then bigger up moves are possible.
  • Targets for the current up move is likely to be the swing high which is the 1350 - 1360 zone. This resistance level lies between the golden ratio and 78.6% Fib level. Upper bollinger band of Weekly time frame too is near 1350 level. So one can expect a pause to happen at this zone.
  • SILVER Range Breakout and Target levels

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