Sunday, June 21, 2009

The Golden Perfection…

One of my subscribers asked me to provide what is my view in gold price action…

It is interesting to note how with technical perfection gold moves…Notice the circled areas. Now if Gold breaks down from the current level, it is likely to fall to the support line shown. It will approximately match with $ 915, when the drop is completed. It is likely to go up from there to the next upper line's levels one by one taking resistance at each levels.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES