16 February 2013

Gold : Horrible

  • Weekly Gold charts turned/about to turn ugly. Line charts used to strip out the noise.
  • XAU/USD : About $25 away from breaking neckline support at 1580.
  • XAU/EUR : Looks like uptrend turn (trend change) will be confirmed by tonight's close. At 1203 now vs break-point at 1221, so already broken down.

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