NagarajaAdiga's Blog

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Gold the levels for the month Feb

Technical analysis for Gold and my prediction is at 1188 zone around February end.
Here the weekly chart shows that the Gold is struggling once it broke below the support zone of 1175 and once it break below that, it again took a resistance at that level again. So, Breaking that 1175 zone looks a little difficult considering the situation
But on a daily chart, it took support at 1050 zone and there was a double bottom. It also shows that there is a Cup and Saucer formation happening in the cha…
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Gold to gain on Iraq attacks

Though gold is in a correcting mood for a long time, it's time for it to be bullish as the fundamental news as well as the technical are suggesting a long trade for the upcoming months. While there is a fear of unrest in mid Asian countries like Syria and Iraq. Gold has a strong support around 1180 level and currently it's facing resistance around 1400-1450 levels. The daily trend line is currently breaking out meaning there may be a bigger moves ahead.Lower time frame of 4 hour chart shows tha…
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Zett 30 June

and how about reversal (compensation) movement to breakout point at 1285.5  before it can runs higher?  Probаbly for  1-2 weeks of  high amplitude  "flat"...  Just another logic... but it could be  much more actual, for H4.

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