Thứ Sáu, 4 tháng 10, 2013

US Dollar near Weekly support line


  • US Dollar weekly chart shows price nearing the channel support line.
  • Weekly chart is trying to take support at 200 Week SMA. 
  • Price has fallen below 100 Week SMA. So a reversal can only be confirmed only when price closes back above 100 Week SMA.

Thứ Ba, 1 tháng 10, 2013

GOLD Breakdown and Support levels


 
 
  • Gold four hour chart shows price resolving in favor of bears from the contracting pattern.
  • Daily chart shows price nearing Golden ratio and support levels. Gold bears must close below golden ratio for extending gains.

GOLD Support and Resistance levels

 
  • Price contraction continues in 4 hour time frame. Daily cloud is the crucial support. Closing below the cloud may lead to a breakdown from this contraction. For gold bulls the breakout is going to be tough as the overhead resistance levels looks strong.