Gold is currently testing the lower limit of its medium term bearish channel at 1308 suggesting a rebound in the short term. However a break of these levels would initiate a more violent downward trend.
Showing posts with label gold price 28 jan 2011. Show all posts
Showing posts with label gold price 28 jan 2011. Show all posts
Friday, January 28, 2011
Gold Price | Technical Analysis | 28 January 2011
Gold Price | Technical Analysis | 28 January 2011
According to previous events, the market indicates a bullish opportunity on the levels of 1308 with a 1st objective of 1322, then 1327. A break in 1306 would invalidate this scenario.
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