February 15, 2013

GOLD Falling

  • Gold near daily channel support line
  • 2nd chart is the weekly time frame which has fallen below 100 Week SMA. Price closing below 100 Week SMA may extend the fall towards weekly range bottom.
  • 30 Minutes is suggesting a bottom in place in shorter time frame and a bounce towards 38.2% Fib level is likely before the fall resumes again. 

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