Friday, 27 February 2015
Tuesday, 24 February 2015
VIEW ON DAX
From the above chart of DAX ,we are able to see it is at a major Fibonacci resistance point of 1.618%, RSI is also overbought @ 71 indicating lower levels are possible in DAX (CMP :11120). Fall can be steep. STRONG SUPPORT should come @ 10000. Below this there will be free fall. Target1 : 10700, Target 2: 10400, Target 3: 10000.
VIEW ON GOLD
From the above chart(daily) of gold we are able to see Gold is coming into oversold zone (34.5) on RSI and is at an important Fibonacci support of 61.8% which is at 1198. Today's low(24/02/2015) is 1194 and CMP of 1198. I think price of the yellow metal will appreciate from here on. Target 1: 1218, Target 2: 1240.
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