September 28, 2012

GOLD Weekly range

  • Gold weekly chart shows a broad range of 1522 - 1800.
  • Weekly stochastic shows overbought readings But price yet to show weakness. Stochastic need to fall below 80 line for a possible correction otherwise range breakout is likely to happen.
  • Gold bulls need a weekly close above 1800 for a possible breakout. Bearish weekly candle may start a fall.

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