Wednesday, December 8, 2010

Gold analysis

With gold having a pullback yesterday, with volume, here is a quick look at levels where it could expect to find support. The next support is at 135 which should also be strengthened by the presence of  MA(20) at those levels. The next level of support is around 132, the MA(50) level. I expect dip buyers to step at these levels. It is interesting to note that the top six volume days since October have all been down days.

Here are the links to S&P support levels and dollar analysis.

Take care and good luck!

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