Friday, May 11, 2012

Rebound as well? (2012-05-11 Gold analysis)
















Above is the daily chart of Gold. After failing in breaking out, the gold price has plunged hardly and currently reached the lower bound of the down-trend channel. Also, there is a green medium term up-trend line supporting it. So we may expect a rebound by the Gold, with the resistant at around 1640.

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