Gold has bounced off the lower limit of its medium-term bearish channel and approaches the intermediate resistance of this one at 1356. A break of these levels would reach the upper limit of its channel at 1370.
Showing posts with label gold price 24 january 2011. Show all posts
Showing posts with label gold price 24 january 2011. Show all posts
Monday, January 24, 2011
Gold Price | Technical Analysis | 24 January 2011
Gold Price | Technical Analysis | 24 January 2011
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1356 with a 1st objective of 1365, then 1370. A break in 1354 would invalidate this scenario.
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