22.05.2013 - Gold charts point to fresh trouble ahead with eyes on $1,100/oz
Gold's recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say. Since posting its biggest two-day loss in 30 years last month, bullion has struggled to recover, and last week suffered its longest string of daily losses in four years. With April's low again looming, a breach could spark a significant move lower, according to analysts who study past price moves to determine the future direction of trade...................................Full Article: Source
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