September 26, 2011

GOLD Resistance

  • Gold bulls has to sustain above 100 day moving average for an up move to happen
  • Price sustaining inside the channel will not help bulls of gold in the short term. For the short term bulls price has to stay above the channel.
  • A better price action for a long term investor of gold would  be price correction towards the channel support line and a steady up move staying within the channel.
  • S&P 500 WEEKEND UPDATE

1 comment:

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