AI
Friday, April 11, 2008 12:46:00 AM
BUD, some of indicators for Gold are at extreme low and trend to bounce, but Gold chart look like a H&S chart to me, also
50dma is the current support/resistance line for a while,
it need to break this line to be positive,
another negative factor I see is 20dma on verge to cross 50dma (but not yet) that is a very bad sign, so don't stay on long side for long
50dma is the current support/resistance line for a while,
it need to break this line to be positive,
another negative factor I see is 20dma on verge to cross 50dma (but not yet) that is a very bad sign, so don't stay on long side for long
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