Gold /USD Technical
Analysis /05.08.2013/ 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 signals 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.
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