Kumo Break on PGOLD

PGOLD has pierced through the Kumo or Cloud showing a bullish signal called Kumo Break. The upward channel suggests that PGOLD may continue to go up to 45.x level where the upper slope is waiting to resist the price. The Marubozu candlestick today tells us that the bulls are in command until the closing. Our newly found support 44.30 might be tested before PGOLD will resume its ascend.

RSI or Relative Strength Index is currently at 67

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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