Every day bars
"Gold has broken down under a large trendline (and channel) that extends off the coast of depressions in 2008, 2010 and 2011." Focus is now on the bottom 1522.50 of December and then may 2011 support and resistance in December 2010-14 h 30/60. "Near term, the gathering of the bass is impulsive. As a result, expect an assault on trendline resistance over 1600 before the trend turned down once more.
LEVELS: 1462-1477 1522.50 1565-1600-1625
"Gold has broken down under a large trendline (and channel) that extends off the coast of depressions in 2008, 2010 and 2011." Focus is now on the bottom 1522.50 of December and then may 2011 support and resistance in December 2010-14 h 30/60. "Near term, the gathering of the bass is impulsive. As a result, expect an assault on trendline resistance over 1600 before the trend turned down once more.
LEVELS: 1462-1477 1522.50 1565-1600-1625
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