November 16, 2011

GOLD Chart Analysis

CHART-II
  • Gold sustaining below 100 period SMA of four hour time frame is bearish. Bulls has to fight back and close above this moving average for avoiding bigger falls.
CHART-I
  • Gold is violating the support line of the triangle.
  • Price has to break below crucial moving averages for the fall to accelerate.
  • ES DIAMOND PATTERN UPDATED

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