Tuesday, October 9, 2012

Gold Technical Chart | 09-Oct-2012

 Let us discuss the technical chart of Gold on H4 timeframe, using Doda-Donchian indicator.

Gold Technical Chart
Gold Technical Chart


Gold is currently trading @1779.16. It managed to get support around 1769. Now, it will surely break its resistance of 1781.20 - 1781.92. Take only long position in Gold. Its weekly chart is also bullish. Avoid short-selling here.



No comments:

Post a Comment

Doda-Donchian ver 2.0 Released

 Based on the feedback and some pending features, I'm releasing Doda-Donchian version 2.0 today. Showing sample chart of EURUSD on ti...