December 21, 2012

GOLD Weekly chart analysis

 
 

  • GOLD Testing its 100 Day SMA.
  • Price also at the bottom of weekly Ichimoku cloud. weekly close below the cloud may extend gains for gold bears.
  • Last chart shows the broad range of gold in weekly time frame. Gold for now is trading in the bearish side of the range. Breaking below 1630 levels may take gold towards range bottom. So for bulls of gold its crucial to sustain above 1630.
  • SILVER CHART UPDATED
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