Update: Gold suffers strong losses

Economies.com
2013-04-10 19:52PM UTC

Gold price declined strongly and failed to settle above the EMA50, which stops the positive scenario which was suggested for today, and puts the price near the critical support levels between 1550.00 and 1540.00

 

Stochastic positivity might assist the price to try getting back to rise, but we have to monitor today’s closing to get clearer signals for the trend, and more details will be explained in our next main technical report.

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