February 3, 2012

GOLD Channel and Golden ratio

CHART-II
  • Channel discussed below has given a breakdown. Daily chart is getting resisted near Golden ratio.
CHART-I
DAILY CHART
  • Gold Hour chart shows an ascending channel.
  • Daily chart is near resistance levels like golden ratio and previous swing high 1763.
  • Break of channel support line may result in a correction.
  • TRIANGLE OF COPPER

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