Friday, April 6, 2012
06 | Daily
DAILY - Gold moved in narrow range but it flipped back to the upside for today as long as the price stable above 1625. In that case, the next target would be around 1632 - 1636 - 1640 or even higher. But if the price breaks 1625 then it flips back to the down side and testing yesterday Low (1619) or even 1611.
For addition, just in case of further decline, the Bullish Butterfly harmonic pattern will still valid as long as it stays above 1585. Breaks this level then gold might testing December 2011 Low around 1522. See image below.
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