Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
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.
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