December 19, 2012

GOLD Chart analysis

 
  • Gold Testing its 200 Day SMA. 
  • 2ND Chart shows possible support line of Gold below 200 Day SMA. More falls only if the support line gets broken. 
  • For bulls price must sustain above 200 SMA and 1672 for a possible up move. Daily cloud will continue to act as resistance.
  • DOW JONES ANALYSIS AFTER CLOSE
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