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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

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Gold Composite - Technical Analysis

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14-02-2008
The Gold Composite Future is still moving high and tested yesterday the red trend line which has been supporting the movement during the last two months. It is now trading very close to the 23.6% of the Fibonacci Retracement, that together with the trend line, gives a valid support to the future. We expect the Gold to test again the maximum set at 936 $.

Support : 895

Resistance : 935

 

gold_composite_small.png

 

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Fibonacci  Gold Composite Future  movement  support 




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