- GOLD Daily nearing 50 Day sma.
- For Bulls of Gold Weekly Doji at the bottom is looking god for now.
- For this up move to sustain its crucial for Price to stay above the 1180 zone which is shown in the last chart.
November 18, 2014
GOLD Chart analysis
NIFTY Chart analysis
- NIFTY Yet to hit the rising resistance line
- MACD Has negative divergence which was discussed in earlier posts But MACD Lines yet to give sell signal.
- Last chart shows a rising support line staying above this bulls will continue to remain strong. Mild weakness on breaking and closing below this line.
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