Look at the chart under the gold price highlight gold analysis update us as us, gold, key technology areas certainly found support in the demand zone before the shows. To break under the extremely bearish week of precious metals, we expect the price action key and range from the the this area. 29/12/2011.The 23.6% Fibonacci retrace down in the last major wave was formed currently as a level taking gold bullion on, and 26 / 09 two main reactions seen in 2011 / support area. Descending trend line sure touch touch of this area was a potential match. Further, $ 1,600 round is the level of resistance may be in its own right. From 4/4 every low, and in 1612, we sustained move higher everyday term gold price action seen high-potential movement or consolidative period recent trading, is now hinting towards sustained drop after pointed out the Gold.The, the following potential resistance areas. However, the ideal level of demand $ 1530 zone a, far from the support price now and entry. $ 1530 Is the decrease in the demand for no money that level has hit another go is actually the current volatile market conditions and support is again the first time there.
Related articles:
Money weekly gain - 2012 analysis, technical analysis of S & P 500 update may 18 2012Dollar index analysis of 16 may 2012 Dollar Index technical analysis: 15 / 5 / 2012 Gold technical analysis update 12 may
No comments:
Post a Comment