Gold Weekly Chart
Gold on the last week had ruptured and closed below the long term support zone $1582 i.e the lower channel of the 13-13 Wilders Moving Average channel offset trading system. Now Chances are there than gold could mean revert towards the 200 Week SMA line somewhere around $1175-1280. And $1680 will be the key long term resistance for the current downtrend.
Gold Daily Chart
On the Daily Chart gold had given the strong sell signal on 12th Dec 2011 when it breaks the support zone $1705 it had lost nearly $150 of its value and currently it is trading below the 200day moving average($1630).
Related Readings and Observations
Zen Technologies:-The scrip to watch out for in the year 2008 "Part of weekly report to the members"Buzz on the bourses:-Scrip:Zen TechnologiesBse code:590032 Cmp:139Target:210Duration:4-6 monthsReturns expected:50%Story:-Finally […]- Nifty and Bank Nifty 90 min charts for 23 April 2012 Trading Nifty and Bank Nifty charts maintains the buy mode on the 90 min timeframe. Cloud supports 5266 and 10450 respectively.
- Hang Seng Likely to approch GANN Resistance Chart shown here is the long term GANN chart of Hang Seng. From the chart you could observe that Hang Seng is approaching the GANN Resistance region 22300 zone
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