April 11, 2012

GOLD Support and Resistance levels

  • Gold weekly chart shown in a triangle pattern.
  • Price is finding resistance at 50 Week SMA. A weekly close above 50 Week SMA may take gold towards the resistance line of the triangle.
  • Falling below 1612 should take gold towards 1580 levels  and possibly towards the support line of the triangle
  • S&P 500 ANALYSIS AFTER CLOSING BELL



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