I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
Tuesday 17 January 2012
Had a nice guess here today with gold breaking the lower wedge support bar:
I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
I figured that gold price would go down because of the RSI wedge that was formed. The support line remained linear, but the resistance line was decreasing, which would indicate a stronger downward force, and a weakening support.
