Gold is currently testing the upper limit of its medium-term bearish channel at 1342. A break of these levels would free up significant potential and begin an upward trend.
Showing posts with label gold price technical analysis. Show all posts
Showing posts with label gold price technical analysis. Show all posts
Wednesday, February 2, 2011
Gold Price | Technical Analysis | 2 February 2011
Gold Price | Technical Analysis | 2 February 2011
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1342 with a 1st objective of 1353, then 1357. A break in 1340 would invalidate this scenario. Full Gold Analysis
Friday, January 28, 2011
Gold Price | Technical Analysis | 28 January 2011
Gold Price | Technical Analysis | 28 January 2011
According to previous events, the market indicates a bullish opportunity on the levels of 1308 with a 1st objective of 1322, then 1327. A break in 1306 would invalidate this scenario.
more Gold Technical Analysis
Gold is currently testing the lower limit of its medium term bearish channel at 1308 suggesting a rebound in the short term. However a break of these levels would initiate a more violent downward trend.
Subscribe to:
Posts (Atom)