What is the next target of Gold for today?
Gold/USD Technical Analysis: Nov 16th 2012 by MBCFX.com
The Gold/USD has started retreating since the beginning of this week to reach the $1708 per ounce, and this is after forming the Divergence.
And we expect that it will continue it decrease towards the main support level of 1700, then to the 1685 level, which corresponds to the Gann line 1*2, and then it may resume its bullish trend towards the $1740 per ounce.
For further Technical and Fundamental analysis please register on:
http://www.mbcfx.com/democontactenglish.htm
