My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 7, 2012
GOLD Chart Analysis
Price getting resisted at crucial resistance line. This line must be crossed by bulls of gold for bigger up moves to happen.
Closing below 50 Day SMA will be negative. Sustaining below 1595 - 1605 level will be negative. Trend will resume in favor of bears of gold below 20 Day SMA.
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