Monday, April 2, 2012

Weekly Outlook


WEEKLY - As I mentioned on my previous analysis, that the up movement was facing strong resistant which was the highest price on 2 weeks ago at around 1668. Gold needs to cross the 50% Fibonacci at around 1670 and remains above that level to continue its bullish this week, and MACD needs to be above the zero line as well. Otherwise gold will stay on the downside and testing the last week Low around 1644 considering that the bullish is not confirmed yet on the bigger time frame after all.

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