Friday, 5 December 2014

'Zooming in' to Gold

After looking at the levels on the gold monthly chart, we can zoom in to a shorter time frame to suit our strategy or risk requirements.

This is the weekly chart of the same price action and we get a better look at the near-term levels. 

We need to see a strong close on the weekly chart this week in order to head for the trendline.

Before making any play, it would be wise to look at upcoming event risk, starting with today's Non Farm Payrolls from the U.S.A.

No comments:

Post a Comment