GOLD Weekly Technical Analysis

GOLD Weekly Technical Analysis

( Duration 23 to 27 February 2015)

Gold is following a downward channel. It seems that this is very strong channel. We can follow this channel for taking entry. When it touches upper line of the channel then we can sell on gold. It is looking for important support area at 1180 level. We can expect more downward movement on gold. H4, daily and weekly candle also giving sell signal on gold. So we can stay on downside for coming trading days.
Weekly Trading Levels
Strong Sell  : 1250
Normal Sell : 1227
Take Profit   : 1212
Normal Buy : 1188
Strong Buy  : 1173
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