Gold /USD Technical
Analysis /05.07.2013/ MBCFX
We notice on
the 4 hours chart that the GOLD has been
trading within an upward wave since April 15th 2013 as a correction
step of the bearish wave.
But we notice
the appearance of some clouds until the bullish correction wave , as we expect
it will resume its bearish trend, and this is confirmed if the Gold/USD
breaches down the first support level of 1454, then we expect that the prices
will decline to the 1425-1385 area, so we recommend our dear traders to be
careful and don’t trade at this period.
