September 17, 2016

GOLD Weekend update

  • The Primary direction of weekly chart is up and within this up move price moved sideways towards the up trend line. Gold likely to decide if the trend is to continue or to break the rising support line within a week or two.
  • 4 Hour chart shows price moving sideways in a channel of 70 points. This channel is likely to resolve soon. Mostly these patterns go in favour of the prevailing trend which is bullish for Gold.

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