April 9, 2015

GOLD Technical Analysis

  • Gold 4 Hour chart at the apex of triangle pattern. Price is testing the rising support line.
  • Daily chart continues to show weakness from 200 SMA and 50% Fib level.
  • 1180 levels are crucial. Closing below this level will further weaken gold bulls. Bulls need a close above 200 SMA to extend the bounce in daily chart.

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