Gold Weekly Technical Report 8-12/4/2013
ecPulse
2013-04-08 09:08AM UTC
Gold rebounded printing a strongly bullish candlestick formation on Friday, meanwhile. RSI and MACD are showing a strong bullish divergence, which happens to be near the bottom of the long term sideways range and major support level at 1530.00. Accordingly, we expect the bounce to continue in the short term and for this week.
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