Friday, April 13, 2012

13 | Daily


DAILY - Gold failed to stay below 1656 as mentioned before, instead, it finally broke the neck line and inclined sharply as far as 1679. It could be the sign of another incline, but still gold has to breach last week High at around 1682 to keep its up movement.

Today, gold might retrace before continue to go up considering that MACD is about to cross down on time frame 1H. As long as gold consolidation above 1664 (50% Fibonacci - daily range), then this could be a good time to look for buy opportunity

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