25th Apr - Gold Finally Breaks Long Term 23.6% Support
25 April 2013
MONTHLY CHART – CONTINUATION:
The 23.6% retracement support has finally yielded, opening the way towards lower 1278.00 38.2% level now.
DAILY CHART – Jun-13:
Violation of the May-12 low triggered acceleration in the bear trend.
For downside targets interest is as much in the longer term charts now.
Resistance should currently come ahead of the 1545.00 May-12 low, perhaps the 1500.00 area, with sellers on rallies likely to have stops above the former.
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20th April- will the S&P fail at the highs?