Gold /USD Technical Analysis /05.14.2013/ MBCFX




Gold /USD Technical Analysis /05.14.2013/ MBCFX



The Gold/USD has started to form the bearish trend as we notice through the Heiken Ashi indicator , but it faced a strong support at the 30 minutes chart, which corresponds to the 1436 level,

 and we recommend our dear traders to monitor this level, and of the prices breached it down , this will conform the decline towards the ascending trend level which started since 10th,   of May 2013 at 1433 $ per ounce.
Then it will decrease to the 1425 level.


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