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.

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