October 4, 2016

GOLD chart analysis

  • Weekly chart shows crucial support zone around 1300 levels. Gold bears need price to stay below 1300 for bigger correction to follow.
  • 4 Hour time frame is shown with 20 Period SMA. If price moves back and sustains above this line a Swing buy is possible in 4 hour time frame. For bears price need to stay below 1300 levels.

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