April 7, 2015

GOLD Trend update

 
 
  • Gold 4 hour looks like a possible Inverted head and shoulders pattern. which is bullish.
  • But Daily is still below 200 SMA.
  • Even if gold bulls manage to cross 200 SMA they have to do more as the Weekly cloud may act as stiff resistance. So till price crosses the cloud Gold bears are safe.
  • APPLE TRIANGLE BREAKOUT
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