January 11, 2011

GOLD above 50 hour moving average

  • Gold hour chart with 50 hour moving average and the Ichimoku cloud.
  • Price has broken above 50 Hour moving average and the cloud.
  • If price crosses and sustains above 1385 we may see 1400 again.
  • Price breaking below 50 hour moving average will favour bears.
  • DOW JONES BROADENING PATTERN

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