Gold Weekly Technical Report 11-15/2/2013
ecPulse
2013-02-11 07:29AM UTC
Gold has been bias-less for a while, trading within a relatively tight sideways range. The Metal is currently testing the short term ascending support, which if broken we may see the downside move accelerate. Therefore, we will wait for a clear break below this support around 1665.00, before expecting further bearishness this week. Please follow our next updates for developments.
** Overall trend ( More than one year)
** Intermediate ( More than three months)
** Short term ( Less than three months)
** Chart is based on GMT+2 timing
Notes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
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