Immediate upside target lies at 1610.60 - the Weekly 50 Marabuzo Line with the Daily 55 LWMA above at 1632.
Sunday, 20 May 2012
XAU/USD - Spot Gold
Important weekly hammer in Gold and a failure to close under the pivotal 1566 area suggest the immediate low is in. Asian Central Banks were reportedly buying in the 1525 region above the well established channel support at 1505.
Immediate upside target lies at 1610.60 - the Weekly 50 Marabuzo Line with the Daily 55 LWMA above at 1632.
Immediate upside target lies at 1610.60 - the Weekly 50 Marabuzo Line with the Daily 55 LWMA above at 1632.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment