April 13, 2013

GOLD Weekend update

 
  • Gold has broken below the weekly range. Price closed the week Below 1500 level.
  • Now next crucial support levels in weekly chart are the 200 Week SMA near 1430 levels and the 38.2% Fib level shown in monthly chart near 1450 levels.
  • So price is expected to test 1430 - 1450 level in the coming weeks. Any up move will find resistance around 1510 - 1530 levels.
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