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Thursday, May 17, 2012

Gold technical analysis update December

gold-weekly-chart-2012-05-12_11-35-28.jpgGold $ 1530 area earlier demand for the precious metal zone range would be to move it to the bottom and the lightest two prior attempts proved to be reached.  Spot market gold price at the close of trade experienced by 3.5% weekly loss on Friday as the United States dollar to master the broad-based strength.As concerns the European financial market flow XAUUSD infection; Dollar resumes bearish pressure on dollar strength spot gold markets have seen offered little support for this week's $ 1,600 gold is weighed.  This is a testament to the strength of this trend is $ 1600 price has seen many previous contacts with the pivot operation.  It comes before the current price is above the trend line, before demand area worth noting is heading in ascending order.  This daily and weekly gold chart below can be found at: precious metal in our latest analysis in General, see gold news updates.   Gold daily chart

gold analysis 2012 05 12 11 00 15 thumb1 Gold Technical Analysis Update 12th May

Gold weekly chart

gold weekly chart 2012 05 12 11 35 28 thumb Gold Technical Analysis Update 12th May

share save 256 24 Gold Technical Analysis Update 12th May

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