28/11/2012

GOLD is a difficult bet. Month chart from 2002 and weekly.

GOLD month now since 2002. Gold must take out 1.802  for a run up to the top. 3 trials have been done so far. Here the 8 month MA is rising above the 21 month MA so the main trend is up.


GOLD week now. The top did not reach 1.800 and the 8 week MA is down. I think short trend is down.

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