January 17, 2011

GOLD Weekly chart analysis

  • Gold is trading near its 20 week moving average.
  • Price is also resting above an important support line in weekly chart.
  • Any correction here would mean breaking the support line and 20 week moving average which can extend the correction in GOLD.
  • GOLD MINERS TECHNICAL ANALYSIS

By at

2 comments:

  1. AnonymousJanuary 17, 2011 at 8:30 PM

    Hi San, here's my take on GLD weekly, from last Thursday. Also, posted on GDX last night. Put your site on my blogroll, as well.

    http://augertrade.blogspot.com/2011/01/weak-ending-to-weekly_13.html

    ReplyDelete
  2. SanJanuary 17, 2011 at 9:15 PM

    Hi auger

    I have added you to my list. I have left a comment in your blog too.

    ReplyDelete

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