PGOLD moving inside an upward channel

Looks like PGOLD is moving up following the upward channel where our base is near the 161.8% Fibonacci Retracement level. If price will continue to move up the we will see PGOLD to reach the resistance slope where the Kijun Sen line is waiting. Once it hits there, let us see for a signal for us to know if a break from the resistance is eminent.

Ichimoku elements are still in a bearish position though

Current RSI or Relative Strength Index is at 46


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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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