Navigation

Gold upside breakout rising channel

Gold upside breakout rising channel : Gold’s weekly chart shows that it has surpassed the 50% Fibonacci retracement level of the entire fall, which was started in September 2011 until December 2015. Currently, it also gave a breakout of the rising channel
Gold upside breakout rising channel

Gold upside breakout rising channel

Gold’s weekly chart shows that it has surpassed the 50% Fibonacci retracement level of the entire fall, which was started in September 2011 until December 2015. Currently, it also gave a breakout of the rising channel, which began after the previous mention fall ended. Now the further level of the upside is placed near the level of $1591, which is near the 61.8% Fibonacci retracement mark of the previous downfall. If the level of 61.8% Fibonacci retracement mark is surpassed then we may see the further escalation towards $1738, which is at 78.6% Fibonacci retracement of the fall. Near-term supports are placed at $1481 and $1470, respectively. Medium-term indicator KST is also in a positive zone.

Gold upside breakout rising channel























Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: