Friday 5 October 2012

GOLD



One is clearly able to see on the weekly charts that the gold is facing a resistance at $1790 as it has retraced from those levels two times before also and on the daily chart one is able to see a formation of dark cloud cover with weekly RSI of 68 and daily RSI of 70 so i would go with the trade that one can short gold @ 1790 levels and buy back around 1770.

1 comment:

  1. GOLD made a low of $1768 and closed at $1778. Target achieved..:)

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