22/06/2012

Gold is down and weekly support close in danger.

Gold daily and weekly trends are down. The only support gold has is the rising 21 month MA now at 1.568.18 and the big triangle bottom at 1.522.46. I don't think gold will fall through in the US today but it is worth remembering that Gold, Silver and Oil are close to a break down.

Gold's today's low is 1.559.18 now trading in thin market at 1.568.

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