Saturday, April 27, 2013

Gold - Tehnical Update

  1. Some resistance levels for Gold.
  2. The most important one was tested yesterday around 27450, the gap formed on 15th April. The long bearish tail of the shooting star of spinning top, suggests renewed selling interest at this important resistance level.
  3. These resistance zones are marked using fibonacci cluster zones and some classical TA principles.
  4. These levels may be helpful in devising a trading strategy for Gold.
  5. Watch out for interesting candlestick formations at these important resistance levels.

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