Friday, November 1, 2013

Gold Analysis

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

Gold Analysis

We are neutral as the picture is not clear for sell here . We are not in favour of buying above 1308