December 14, 2011

GOLD Support Levels

  • Gold moving towards its 50 Week Moving average.
  • Price breaking below 50 Week SMA will lead to the support line of the channel.
  • Only if price breaks the channel support line the bullish structure of gold will get tested. For bulls of Gold the channel should hold to avoid a bigger correction.


  1. San,
    Dollar pullback ?

  2. Gold chart a very descent long term uptrend but now it looks tired.But better trade as per channel rather than emotion.