Thursday, May 3, 2012

Bullish trend on Gold ? (2012-05-03 Gold analysis)
















Above is the daily chart of Gold (XAU). It just broke out from the down-trend channel and is heading higher. However, the previous breakout level resisted its surge, and now it is in between a short range of support and resistant. Look like it is more likely to break 1665 and would attempt to reach 1750 or even 1800.

No comments:

Post a Comment