October 15, 2012

GOLD Support Zone

 
  • Gold 4 Hour chart shows a possible support zone which has to be broken by bears for reversing the trend and changing the bullish structure completely.
  • Price also near 50 Day SMA and 10 Week SMA.
  • Weekly chart is falling after a bearish inverted hammer pattern at the top. More falls if the levels mentioned above fails to hold. 
  • SILVER CHART ANALYSIS
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