June 24, 2010

Gold Monthly chart showing a bearish pattern

  • The shining gold may loose its shine in the coming months.
  • Monthly chart of gold is showing a raising wedge pattern.
  • May give a break down in the next 3 or 4 months. Those who plan to invest in gold should be cautious at this point of time.
  • Gold as everyone knows is trading at its all time high so if the supporting line breaks down we can see good correction in gold prices.

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