GOLD Weekly Technical Analysis (23-27 March,2015) | March 21, 2015

Gold had pulled back from its important support level at 1142 level. We saw a bullish engulfing candle on daily chart. After this bullish confirmation, we saw bullish movement on gold. It is near to resistance level at 1192 area. It will be good level for selling gold again. If break this level, we can get bullish continuation on gold. We will look for successful breakout for further bullish movement on it. But if we find any bearish candle on resistance 1190-1192 area, then we will enter sell again. If we draw fibo, then we can see that 61.8% lies on this resistance. So this will be nice sell set-up from this resistance.


Signal Service: Premium Membership ( Signal Subscription ), real time update, opening and closing notifications via twitter, daily market update with chart analysis, free profitable forex strategy. For premium membership subscription click here

For free forex signals, click here



Weekly Pivot, Support and Resistance

Resistance Two (R2): 1215

Resistance One (R1): 1198

Pivot Point: 1170

Support One (S1): 1153

Support Two (S2): 1125