October 19, 2012

GOLD Chart analysis

  • GOLD Weekly chart shows price moving down from the top of the range. Weekly chart shows a range of 1522 - 1802.
  • Price has broken 20 and 50 Day SMA and bears waiting for a bearish cross to happen for a bigger down fall possibly towards the bottom of the range to happen. Gold bears also need price to break below the cloud for the fall to extend.

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