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Technical Analysis
Technical & Fundamental Analysis on one of the Most traded pairs
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[QUOTE="Avinash, post: 27296, member: 14722"] [IMG]http://i42.tinypic.com/qx29ol.png[/IMG] Attached is the 1 hr Chart and 4 hr Chart again for Gold [B][U]1 Hr Chart on Gold had shown a strong uptrend which has moved into a consolidated slight uptrend but has a strong support level indicated by MA 200 purple line.[/U][/B] Trend still seems to be up until the support of 1650 is broken however 1653 is the support for current trend line. [U][B]4 Hr Chart on Gold is currently showing a downtrend level until the current 1673$ level is not broken.[/B][/U] The resistance will change from time to time so the uptrend resistance channel along with MA 200 purple line will indicate a good resistance level [/QUOTE]
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