Gold price analysis in the short term
  • admin
  • 24 August 2013
  • News

Technical analysis on gold shows changing of behavior of this metal price. There is a break of the 1349 resistance, that was an important one. This suggests that the bear trend that was in work since many weeks is going to be weakened or stopped in the short term. It is likely to see a come back to 1424 level. On the other hand, a break under the 1349 level can indicate a bearish trend start again. We are bullish on gold in the short term.

 

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