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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price forecast to fall to $1180

Posted on 08 November 2013

Gold reversed sharply to the downside at the start of September, through the rising trend line of a corrective channel. As we know that’s an important signal for a change in trend, which means that bearish price action is now back in view that could accelerate to the downside in the next few weeks if we consider possibly completed flat correction in wave 2.
A fall and daily close beneath 1251 is needed for a wave 3 down back to 1180………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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