September 2, 2013

GOLD Chart analysis

  • Gold 4 Hour chart shows price getting support near 38.2% Fib level
  • Daily chart shows price trying to stay above 20 Day SMA. So for a bigger correction these levels must break.
  • Daily chart is moving in a channel and shows weakness as price nears the crucial 200 Day SMA. Price sustaining inside the channel will keep the Gold bulls interested.

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