Gold update
YG resistance profiled on 5/29 has now come into play at 430. Should we fail at the trendline, the downward trend remains intact. Key support is 422/425 area. RSI bearish divergence starting to appear on the daily chart, making a lasting break above resistance somewhat unlikely. A close above 430 would be bullish, so watch that level.
click on chart for full size
click on chart for full size
This entry was posted
on Sunday, June 12, 2005 at 6:24 PM.
