Wednesday, 3 April 2013

Wednesday 03April2013 - Market Action - Gold!


Gold continues to decline toward the $1527 support shelf where three previous declines found support in 2011 and 2012.

The BIG Question is - Will Gold again find support around $1527 or will it break down below the shelf this time?

If Gold breaks below $1527 it will most likely trigger many stop  loss orders and result in a huge downward  spike.

The following chart is from EWI 03April2013 Short Term Update.






























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