GOLD | Update | 15.03.12

The scenario hasn't been changed up to this minute on Gold. The price is still on its consolidation. Stay aside for awhile before the moment comes. See my previous post earlier today.

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 BUT this scenario will no longer valid if the price breaks 50% Fibonacci and remains above that level, also MACD cross over the zero line.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.

GOLD | Update | 14.03.12

The Double Bottom scenario on previous post is no longer valid. The price broke yesterday Low at 1661 and now forming Bullish Divergence on time frame 4H.

GOLD | Daily Range | 14.03.12

Gold has potentially Double Bottom, but as long as the price remains below 1689, then the bear still in action for the rest of the week.

GOLD | Update | 13.03.12

Gold was losing its bullish momentum and failed to stay above 1703, now flip back to the down side. See the previous post for the morning analysis.

GOLD | Daily Range | 13.03.12

Gold price failed to stay below 1695 yesterday. Today gold price likely to move up and it will continue as long as remains above 1703 and MACD cross over the zero line