Thursday 5 January 2012

Commodities - Gold 04-01-12

Gold is Trading in a Long term uptrend but short term downtrend and closed at 1604.70 per ounce.
In short term, gold is trading in a downtrend and likely to re-test the long term support trend line around 1495 - 1505. I'm expecting the support trend line to hold and long somewhere between 1495 - 1505 but if the price go below the trend line there will be more downside.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.