2009-08-06

Gold 4h and 1h

Gold 4hThe blue channel is still in tact. The wedge from previous post (brown top and pink bottom) was broken, but support was found before what may be parallel channel (brown).
Now prices are near blue channel top, and price must go down at least to brown channel bottom ($956), but I dont think is good entry because the price may fall to blue channel bottom ($935).

Gold 1hHere we see the probable channel (brown).
There must be selling around $970 (even it was broken for a while).

No comments: