28th June - Decision time for Gold
28 June 2012
TECHNICALS:
GOLD WEEKLY CONTINUATION CHART
The solidity of Gold’s support is plain for all to see.
But if the 1577 level should break there’s little support until 1430 (note the Fibonacci coincidence). And then 1250. Both would be perfectly normal retracements of the bull rally from 2008.
Gold daily Aug 12 CHART
Gold is stuck in a tight trading range on top of the medium and long-term support.
Watch the small range closely !
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27th Jun - Crude Oil Breaks Long Term 38.2% Retracement