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Gold Prices Surpassed Important Resistance-Line

Discussion in 'Technical Analysis' started by Kaitlin, Feb 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    With the global economic woes propelling the Gold prices rally, the yellow metal managed to surpass nearly two-year old descending trend-line resistance, indicating further up-run by the bullion towards the important $1255 resistance level, encompassing upper-line of a long-standing downward slanting trend-channel and 23.6% Fibonacci Retracement of its September 2011[​IMG]

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