May 31, 2012

GOLD Chart analysis

  • Gold monthly chart testing 20 month SMA.
  • Weekly chart is shown with a broken trend line and horizontal support near 1522 levels.
  • If the above mentioned levels are taken out on closing basis then a bigger correction is possible in gold.
  • Four hour chart shows price testing 100 period SMA. Which must br crossed for a bigger up move to unfold.

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