GOLD confirmed on Friday even a 1767 overshooting before however closing lower. The weekly closing was strong above the top of the previous week.
The indicators of the daily chart are positive but those of the weekly one remain below the line. The indicators are mixed in the s/t charts suggesting some consolidation. Only an hourly closing below 1745,00 will however favour lower levels with the 200 hours line at 1721,60 the attraction.
We expect lower levels and sold therefore some contract here at 1748,80!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/GOLD-12.05.11.pdf
FUTURE TREND RESEARCH