Gold Currently Holds Above Main Support Line
01 December 2011
MONTHLY CHART - CONTINUATION
The Sep pullback neared the major 23.6% retracement at 1520.00. This remains the first significant support on the long term chart.
DAILY CHART - Feb-12:
The recent slip back has so far held above the main rising support line, which essentially held back in Sep.
A clear breach of this would be the first negative sign now, followed by a push below the 1543.30 Sep low (and 61.8% retracement). Meanwhile we must wait to see how the current picture will resolve.
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