Gold Technical Analysis: 7 April 2013, Sunday, 4.15pm Singapore Time
The following is a follow-up Technical Analysis of Gold made on 5 October 2012: http://donovan-ang.blogspot.sg/2012/10/gold-technical-analysis-5-october-2012.html
As per warned, Gold has since made the anticipated first initial bearish corrections since 5 October 2012. All said before things happen and is happening now.
DONOVAN TECHNICAL RATING ON GOLD:
BEARISH, SHORT/SELL.
First LT Support = $1512.46
Second LT Support = $1272.47(1st LT Target)
Third LT Support = $1078.50 (2nd LT Target)
Final LT Support = $884.53 (3rd LT Target)
In essence, Gold will retrace deeply as per the analysis above.
Home:
Good one :-) Same as what I'm thinking!
ReplyDelete