Gold /USD Technical
Analysis /05.17.2013/ MBCFX
The Gold/USD remain declining as we have mentioned din
our technical analysis. and we expect further decline as confirmed by most of
the technical indicators : Ichimoku, Stochastic, Parabolic SAR, and Williams
Percent range indictor.
We also notice on the daily chart , the Gold/USD is going
to form the Double Bottom pattern, and this would confirm the bearish trend of the
prices, as it will decline to reach the general expected target at the 1320-1325 dollars per ounce.
So we recommend the yellow metal investors to wait and
buy at the mentioned area.
