Gold Price Forecast
Friday, November 1, 2013
Gold Analysis, 1 November,2013 Trend is sideways to Negative
Gold continued losing prices for the third consecutive say. Price of Gold closed at 1322 losing $19.87. Selling pressure forced gold below the 14-DMA and the 100-DMA. The MACD is
supporting lower prices in future and the RSI is signaling a negative trend ahead.
Support 1313.00 1308.00 1302.00 1296.00 1288.00
Resistance 1321.00 1328.00 1336.00 1342.00 1346.00
We are neutral as the picture is not clear for sell here . We are not in favour of buying above 1308
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I am an independent Trader and Analyst in Gold Oil and silver. I use multiple Technical Indicators and History Charts to present my Forecast on My website
I update my website from Monday-Friday before opening New York Future Trading.
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