May 1, 2013

GOLD Chart update

  • Gold 4 hour chart shows price correction from the corrective channel.
  • One hour chart shows price testing 200 Hour SMA. Price sustaining below this level will further strengthen gold bears.
  • Last chart shows daily chart with previous support line acting as resistance. Hope for bulls only if price is able to takeout this line which looks a tough ask in the short term.

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