For the Week Closing 4th Feb 2012 ... GOLD Closed Below 1730 Level, it was a Very Good Indication that bears are Active Again and Now They Will Push it For More Downside... The Resistance on Weekly Chart is now Placed @ 1776.6 as on Monday's Chart. If it is Broken and Closing Above this level happens in GOLD..we can see prices above 1820-1840 levels. and Now the Support is Seen @ 1697.8 .. if this is Broken on Downside we Can see levels of 1670-1640 levels soon.. we need a Closing Below 1697.8 for 2-3 days for these levels.. We were expecting these levels since a Long time and Now the Downside seems to be more achievable.. Let's Hope for the Best and Trade According to your Risk Appetite using Money Management.
No comments:
Post a Comment