Wednesday, February 9, 2011

Gold break above the resistance area


Gold break above the resistance level and the level now become support area. Gold rebound at the 21MA and 100MA of h4 tf. Price had retrace to 50% after the drop. The next resistance is at 61.8% at 1380 while support is at 1350.


Gold had a big bullish candle yesterday after the news about inflation. 



By The Backyard Burner

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Fear of failure

Fear of failure