March 26, 2014

GOLD Trend update

  • Gold daily chart shows price pausing at 38.2% Fib level.
  • For gold bulls price must close back above 50 day SMA.
  • One hour chart shows price trading below the cloud. Price sustaining below the hourly cloud will continue to favor Bears.

CRUDE Oil chart update

  • Crude oil daily chart shows price testing 200 Day SMA.
  • Price unable to close back above 200 SMA may give bigger falls for crude oil.