Thursday, April 19, 2012

19 | Daily


DAILY - Gold is still moving in tight range. It broke 1641 and declined as far as 1637. MACD on time frame 1H has already crossed up, but seems like the price facing 1641 (support that becomes resistant) at this moment. Gold needs to be break this level and stable above it to flip back to the upside, otherwise gold will remain on the downside and test yesterday Low (1637) or even last week Low (1631).

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