Tuesday, February 8, 2011

Gold is testing resistance area


Gold is just below resistance area and now testing the resistance. Price broke above the channel with a powerful bullish candle and now above the 21 and 100MA of h4 tf. The 21MA is about to cross the 100MA. The minor support area is at 1342 and resistance area is at 1360.


Gold in daily chart show a bullish candle and the price is now just below the 21MA. The resistance need to be break before price can go further up. 



By The Backyard Burner

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Fear of failure

Fear of failure