Gold /USD Technical Analysis /05.15.2013/ MBCFX





Gold /USD Technical Analysis /05.15.2013/ MBCFX




We notice that The GOLD/USD has formed a bearish trend through the Heiken Ashi indicator, we also followed the Divergence form on the daily chart, so we expect further decline of the gold , and the next expected  general target will be to the 1325 dollars per ounce.

Concerning today trading , we expect some increase of the Gold prices to retest the key support levels of 1426 and 1430.
 



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