Gold - Tehnical Update

by Dean Market Profile on Saturday, April 27, 2013 in Commodities, Gold, Updates

Some resistance levels for Gold.
The most important one was tested yesterday around 27450, the gap formed on 15th April. The long bearish tail of the shooting star of spinning top, suggests renewed selling interest at this important resistance level.
These resistance zones are marked using fibonacci cluster zones and some classical TA principles.
These levels may be helpful in devising a trading strategy for Gold.
Watch out for interesting candlestick formations at these important resistance levels.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Saturday, April 27, 2013

Gold - Tehnical Update

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