February 29, 2012

GOLD falls to 200 SMA

  • Gold falls to its support level at 1704 and 200 SMA.
  • Momentum looks good for bears of Gold But price has to close below 200 SMA for this correction to extend.
  • Gold bulls need price to get support at 1704 and 200 SMA for an up move to happen.

No comments:

Post a Comment