December 30, 2011

GOLD - Possibility of a death cross

  • Gold daily is getting closer to a death cross with 50 SMA coming closer to 200 SMA
  • Price closing below weekly chart will extend this correction in gold.
  • If the current week's low is violated again price may move towards 38.2% Fib level shown in the last chart.

By at

3 comments:

  1. Pankaj ShuklaDecember 30, 2011 at 4:44 PM

    San,
    can you do some chart analysis of RCOM. Is it making falling wedge?

    ReplyDelete
  2. SanDecember 30, 2011 at 5:24 PM

    @Pankaj Shukla
    I will look at the charts. If there is anything interesting i will update it.

    ReplyDelete
  3. Nilesh PatilDecember 31, 2011 at 12:05 AM

    thanks san sir

    ReplyDelete

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