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US GOLD Technical Analysis Chart Trend Forecast Trading signals Graph Tips Strategies Recommendations- GOLD coming down from golden ratio resistance , buying expecting once US Gold closes above 1323. (Updated For 11th August 2014, Monday).


US GOLD




  • US GOLD has formed bullish head and shoulder pattern , this indicates if Gold breaks its formation then sharp move is expecting. Once closes above 1345 bullish breakout will get triggered, close watch.
  • Currently gold indicates that it is coming down from its golden ratio 61.8% fibonacci retracement resistance, as long as trades below trend for gold will not be clear , it will zig zag. But once gold closes and stays above 1323 its golden ratio resistance then trend looking bullish for next 1-2 trading days.
  • Daily chart also indicates stock has also formed Triangle formation , this indicates if Gold breaks its formation on any side and comes out then sharp move is expecting as shown in graph no 3. Close Watch.
  • Click here to see all the forecast (trading strategy) published by us on US GOLD.
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OIL INDIA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support around 556 & 552, Weakness expecting if OIL (I) closes below. (Updated for 11th August 2014, Monday).


OIL INDIA




  • OIL INDIA has formed descending triangle formation in daily chart this indicates once stock breaks its formation sharp move is expecting in OIL India.
  • Chart also indicates stock was earlier taking its 50 days moving average support and always bounced back, this time stock broke its 50 DMA and now trading below, as shown in graph no 2 stock is now facing 50 DMA resistance as long as it trades below it will favor bears.
  • Now as per fibonacci studies stock will test its 50% fibonacci retracement support around 552.50 , if stock closes and stays below 552.50 then further weakness is expecting and stock will find next support around 533  its golden ratio 61.8% fibonacci retracement.
  • Click here to see all the free trading reports (tips) published by us on OIL INDIA.
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