April 22, 2015

Gold chart analysis

  • Gold daily continues to show weakness as price nears 200 Day sma.
  • Fib chart shows a range between 23.6% Fib level and 50% Retrace level.
  • 4 Hour chart shows good price action for gold bears But this needs more follow up. Bigger weakness only below 1175 - 1180 levels.

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