Tuesday, December 20, 2011

Reliance Gold ETF Technical chart | 21-Dec-2011

Let us discuss the technical chart of Reliance Gold ETF with Ichimoku indicator.






Reliance Gold ETF saw some correction from the last few days. The price has closed below kumo and that makes the chart weak. The positive sign is that Kijun-sen line is flat and price should touch the level of 2640. If it fails to do so, the next major support level is at 2419. One should invest at that level as Gold is still in bull run and one should use such opportunities to enter in Gold.

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