November 9, 2012

GOLD Chart analysis

 
 
  • 4 Hour chart shows price in a contraction pattern which may result in a bigger move.
  • Daily chart shows price nearing 50 Day SMA which may act as resistance. Daily closing above 50 SMA will help bulls to continue the up move which was started from 50 Week SMA.
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1 comment:

  1. UnknownNovember 15, 2012 at 2:55 PM

    the government keeps printing money is it safe to assume that gold will continue to rise? If so, how much should I acquire and where should...
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