Gold 200 day Average for first time since April 2009
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Gold 200 day Average for first time since April 2009
Gold 200 day Average for first time since April 2009
By Jamie Saettele,
14 December 2011 16:47 GMT
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Prepared by Jamie Saettele, CMT
Gold continues to decline and the rest of the world is finally noticing. As such, we could get bounces but I maintain that the larger trend is down and rallies should be sold. Resistance comes in from 1600 to 1625. It’s a matter of time until the September low is broken and weakness accelerates towards 2010 resistance in the mid 1400s.
By Jamie Saettele,
14 December 2011 16:47 GMT
[You must be registered and logged in to see this image.]
Prepared by Jamie Saettele, CMT
Gold continues to decline and the rest of the world is finally noticing. As such, we could get bounces but I maintain that the larger trend is down and rallies should be sold. Resistance comes in from 1600 to 1625. It’s a matter of time until the September low is broken and weakness accelerates towards 2010 resistance in the mid 1400s.
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