Wednesday, 15 February 2012

Gold for January 16 2012

The Gold Spot US is facing the resistance at $1736 for last 3 sessions.

Today's opening suggest a slid during the day.

The momentum indicators are suggesting an intraday fall up to $1705 which was the low of 10th February.

However, if it crosses $1737 which is yesterday's high, the buying would prevail.

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