February 16, 2012

GOLD Trend update

  • Gold Sustaining below the four hour cloud will favor bears.
  • Breaking below 1700 will strengthen bears of Gold.
  • Up trend of this time frame will be intact above 200 period SMA. For a bigger fall to happen price need to trade below this level.
  • To avoid a correction Bulls has to take price above four hour cloud.
  • APPLE BEARISH ENGULFING

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