May 12, 2012

GOLD Weekend Update



  • GOLD Weekly candle has closed below the weekly cloud after 3 Years.
  • Price has also broken the long term support line on closing basis.
  • For bears of gold next hurdles are the triangle support line and the crucial swing low of 1522.We might be seeing an important top for gold if these two levels gets broken. If price gets support here an up move is possible towards the triangle resistance line.
  • S&P 500 ANALYSIS AFTER CLOSE


No comments:

Post a Comment