Thứ Năm, 6 tháng 9, 2012

GOLD Resistance level

  • Gold weekly chart shows a weekly broken support line which may act as resistance.
  • Weekly fibonacci chart shows this resistance line and 50% Fib level at the same area. Breaking above this level will be difficult in case gold bulls cross this area then the target could be around 1770 - 1790 zone.
  • Trading below 1685 should give a short trade. Sustaining above 1698 should favor gold bulls.

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