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Saturday, January 14, 2012

chart gold prices Technical Analysis prediction jan 16 2012

chart gold prices Technical Analysis prediction jan 16 2012 : Gold markets fell for the session as traders around the world took profits. The $1.650 level is massive resistance, and it looks like the area has held as of the close on Friday. The candle is a bit of a hammer shape, and the candle suggests that there is pressure building to the upside. However, if the market breaks below the lows on Friday, this would actually make it “hanging man”, which is a bearish signal.
Because of this, we think that a close above the $1,650 level on the daily chart is needed to see further upward momentum. In order to see bearishness, we need to see a break of the bottom of the days’ range for Friday. At this moment, we need to see a break of one of those levels in order to get involved.For the latest updates on the stock market, visit source www.fxempire.com For the latest updates PRESS CTR + D or visit Stock Market news Today

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  1. James SmithApril 27, 2012 at 12:14 AM

    Investors need strategy to obtain constant results. If an individual isn`t aware of, or doesn`t comprehend, how their philosophy and perceptions impact their understanding of industry information, it seems as if it is the market`s habits that is producing the insufficient reliability. Due to this understanding, it makes sense that the best way to prevent failures and obtain constant income is to learn more about the marketplaces. Technical Analysis

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