January 9, 2017

GOLD Chart analysis

  • Gold 4 hour chart is testing another resistance zone at 1180.
  • Weekly resistance is near 1200. This zone was previous support which may act as resistance now.
  • Weakness if price falls back below 1170 levels. Bigger up move possible only if price is able to sustain above 1200 zone.

1 comment:

  1. I see a H&S bottom on your 4 hr chart. Gold is finishing the Right shoulder. If correct, minimum price up move is 1250

    Let's see