Gold Technical Analysis: 7 April 2013, Sunday, 4.15pm Singapore Time

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.

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