June 29, 2012

Gold chart analysis

Falling wedge updated

  • Gold testing the weekly support levels.
  • But four hour chart of gold is showing a possible Falling wedge pattern which is a bullish reversal pattern. For it to work well price need to hold on to the current lows near 1550 and bulls must hope for a breakout above the falling resistance line of the wedge shown in last chart.
  • SILVER HITS LONG TERM TREND LINE



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