Monday, April 16, 2012

16 | Update


UPDATE - Gold failed to remain on the upside and declined as far as 1640 (127% Fibonacci - daily range). If gold could break 1648 and remains above this level, then it has possibility to rebound, otherwise gold will stay on the downside and has possibility to go even lower for the rest of the session today. The next target would be 1631 - 1618 - 1613.

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