20th Dec - Gold’s Key Long Term Support Holding at Present
20 December 2014
WEEKLY CHART –
CONTINUATION:
The long term 61.8% retracement
was finally reached recently, and
is currently providing good
support. A rebound is trying to get
under way.
DAILY CHART – Feb-15:
The picture seems clear here.
There remains shorter term
downside risk while the bear
channel top isn’t breached.
But a break higher would indicate
that downside momentum had
weakened and a better recovery
phase was then in process.
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12th December - Which way for US Notes