- Long term trend of Gold getting tested as price falls into the Monthly cloud.
- Price is also nearing Golden ratio in Monthly chart for the rise from 680 to 1920. Golden ratio is at 1153 levels.
- Hour chart continues to trend down below the cloud. For a possible pullback price must trade above the hourly cloud.
- EURUSD TREND UPDATE
June 27, 2013
- Bank of america nearing its 50 Day SMA.
- Price also near the broken support level of the descending triangle pattern which may act as resistance.
- 4 Hour cloud too may act as resistance. Price sustaining below the cloud will give selling opportunities. Strength or the resumption of up move only on price sustaining above the cloud.
- APPLE SUPPORT LEVELS