NeoSeemadong 52 Report post Posted May 21, 2013 Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ICN.com | Tue May 21 13 02:17 ET Gold Gold jumped yesterday, forming a major bullish engulfing candle, invalidating our bearish scenario and indicating an upside rebound, a retest of the minor descending trend line shown on the daily chart above seems imminent, a break above the trend line shall clear the way towards another test of 1478.00 resistance area. We would like to see price hold above 1390.00 for at least few hours to expect an extension of the rebound. Support: 1391.00, 1385.00, 1363.00, 1357.00, 1340.00 Resistance: 1405.00, 1418.00, 1425.00, 1445.00, 1455.00 Recommendation Based on the charts and explanations above, we prefer to remain on the sidelines awaiting confirmation Quote Share this post Link to post Share on other sites
deb99 290 Report post Posted May 22, 2013 ขอบคุณครับ Quote Share this post Link to post Share on other sites
Neo Seemadong 3 Report post Posted July 10, 2013 Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ICN.com | Tue Jul 09 13 03:06 ET Gold Gold rallies, breaking above 1236.00 resistance level and approached the top of the latest swing high and resistance at 1268.00. A break above 1268.00 may confirm a short-term bottom and signal a deep bullish correction towards 1300.00 and 1320.00. For the bearish scenario, we need a break back below 1236.00 and the ascending support shown on chart. Support: 1236.00, 1228.00, 1220.00, 1208.00, 1200.00 Resistance: 1260.00, 1270.00, 1290.00, 1300.00, 1308.00 Recommendation Based on analysis and explanations above, we prefer to be neutral. Quote Share this post Link to post Share on other sites
