Gold Technical Chart | 10-Dec-2012

Below is the technical chart of Gold, using Ichimoku and Doda-Donchian indicator.

 

 

 

 

 gold technical chart



Gold is currently trading near $17053.93. If it manages to stay here, it will begin its bull run of the week from here. It’s main resistance for the week is $1705.47. Above this level, buy Gold. Below this level, do short selling.

On the downside, 1703.71 to 1704.75 is the support band and $1685 has become major support level of the month.

On the upside, watch the level of $1720 for some resistance.

Gold Technical Chart | 10-Dec-2012
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2 thoughts on “Gold Technical Chart | 10-Dec-2012”

    1. Sorry. That was my mistake. I copied old image from the album. Anyway, I’ve updated the post above. The chart interpretation was already new.
      Sorry for inconvenience caused to you and thanks for pointing out mistake.
      Admin

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