June 13, 2012

GOLD Trend update

  • Gold daily chart shows price contracting between support and resistance lines. A breakout or breakdown may happen soon. 
  • Weekly charts shows bearish cross with 20 and 50 Week SMA. Sustaining below this crossover level  and the weekly cloud will favor gold bears. For gold bulls to resume the previous trend price must breakout above the weekly cloud.

1 comment:

  1. Sir your technical view are exlnt , but we get confuse b.coz no value is written at any sppt or resis level , it is just written 20 or 50 sma ema like if you mention value their then it would be xlnt thing. just my view