Thursday, March 15, 2012

GOLD | Daily Range | 15.03.12


Gold price declined sharply yesterday. Some consolidation might be seen today before it continues to go lower... BUT this scenario will no longer valid if the price breaks 50% Fibonacci and remains above that level, also MACD cross over the zero line. That case the price flip back to the upside and attempts to test yesterday High at 1681.

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