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Gold Strangled Between Trading Range 1263-1239 For 06-04-2017
Home / Gold Strangled Between Trading Range 1263-1239 For 06-04-2017

H1 Graph

H1 gold is bouncing between trading range of 1239 to 1263 and further shorter range is 1244-1258. Breaking of blue line can push gold in 1263 and 1275 zone further breaking of double bottom (green line) will enter into 1239-1227 level. 1227 is a major support of fib level 68.8.

H4 Graph

Gold in H4 making higher lows and flatter highs. Breaking resistance of 1263 is very important to resume the trend and low are getting closer and closer. Gold is holding resistance and 50% fib level. With approximate double bottom.

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