GOLD/USD Technical Analysis /05.09.2013/ MBCFX
. The GOLD/USD has succeed
during this week to exit from the range trading, after the recover
signals of the prices supported by the Asian demand for the yellow metal.
And this has positive
effect the GOLD/USD prices to reach the 1476.45 level, but we see that this
rise is just permanent as we notice on the daily chart the forming of the Divergence
between the trend of the prices and the Stochastic trend,
This show us that the
GOLD/USD will resume its bearish trend, after breaching down the 1450 level,
which is a key point of shift from bullish to bearish.
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