phreephly

phreephly

In the past 3 weeks, Gold's price was ranging from 2470 to 2530. And Friday the price was closed at 2497 which is in the middle of this dizzy price range. Its quit ironic seems the fight between bulls and bears come out even. Athought through the look of candlesticks, we can get the impression that bears won a little bit, since the closing price step down week by...

phreephly

As long as Gold remain below 2515, it will continue moving down to 2480 on Monday, and then seeking for support start from 2470 level. it might go further down to 2450, but i strongly believe those levels should be aimed by bulls to step in and push up the price to a NEW ATH.