April 25, 2013

GOLD Chart update

  • Gold 4 Hour chart shows price testing crucial Fibonacci resistance levels.
  • One hour chart shows a bullish cross in chart with 50 and 200 Hour SMA. Price sustaining above these moving averages should result in a bigger pullback.
  • Daily chart shows the target for this up move at the broken support line of the channel. A bigger up move can happen if price reenters the broken channel.
  • Weakness below 1425 and 1400. 

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