Saturday, June 14, 2014

Gold chart update


Gold daily chart, using a simple 50 SMA
Focus on that possible key support level (light green circles)
Higher lows pattern intact
Still need to break above that key trend line (red dotted) and the 50 SMA
Next move ? Here are some possible key news events that could trigger a break out;
Ukraine military plane shot down BBC news
Is this the end of Irak ? News link

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