Thursday, April 8, 2010

INVERSE HEAD N SHOULDER BREAK OUT IN GOLD

on 3rd april i had posted gold chart with support and resistance lines. yesterday it has given break out  from resistance lvl around 1135.


look at chart attached. inverse head and shoulder pattern can be seen. we may see 1200+ usd lvls in coming days.

violation of neck line will make pattern invalid.



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UPDATE AS ON 12.05.10
GOLD TESTED TODAY 1244 DOLLAR.
TARGET ACHIEVED. PART PROFIT BOOKING IS ADVISED

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