July 27, 2012

GOLD Chart Update

  • Gold weekly chart shows price testing crucial support resistance zone between 1620 - 1640.
  • Crossing this zone on weekly closing basis will take gold towards the weekly falling resistance line from 1920 - 1720.
  • Daily chart shows price above 100 Day SMA Which is good for bulls But price is also near 200 SMA which should also be crossed for a bigger up move to happen.

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