April 21, 2013

GOLD Weekend update

 
  • Weekly chart shows  a long shadow which suggests buying at lower levels But weekly candle closed below 200 Week SMA which is negative for bulls of Gold.
  • 4 Hour chart shows price getting resisted at 4 Hour cloud which has to be crossed for a bigger up move to happen.
  • Monthly cloud may act as strong support level if the slide continues. Last test of the cloud happened in 2002.
  • APPLE POSITIVE DIVERGENCE AND SUPPORT LEVELS
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