PGOLD trying to break the resistance

PGOLD is currently attacking the resistance near 45.04 or 78.6% Fibonacci Retracement level but so far it failed to stay above the line. Today is its second try. Will it succeed? Support is at 43.11 per share and it may be visited due to the Kijun Sen that is moving horizontally.

RSI or Relative Strength Index is also quite high and need to loosen a bit. The correction could be an opportunity to ride or add more PGOLD shares.

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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