Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 5, 2016
GOLD Trend update
Gold 4 hour chart shows below the cloud and 50 period SMA.
Price action continues to form new lows Thus favouring Gold bears.
For a possible reversal price need to stay above 50 period SMA. For now the trend continues to favour Gold bears.
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