Thứ Năm, 2 tháng 5, 2013

GOLD Triangle pattern

UPDATED CHART
  • Triangle shown below has given a breakdown.
  • The corrective up move shown in the last chart seems to have finished. Next support near 1435 - 1445 if not held price may retest the lows.
 
  • Gold one hour shows a triangle shaped contraction. False moves are possible from the pattern.
  • Price sustaining above 100 Hour SMA should give an upper breakout. Hourly close below this level will weaken the up trend of this time frame.
  • 4 Hour chart continues to look like a corrective up move.
  • GOLD WEEKLY CHART UPDATE

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