Gold technical chart of 10.3.2014
Topic: Gold technical chart of 10.3.2014
The previous few days has been fairly stormy commerce within the gold worth with the recovery currently being known as into question. the priority remains the continuing bearish divergences on the RSI and Stochastics, that has currently been additional to by a crossover sell signal on the MACD lines. The potential for a correction on the daily chart is mounting. This outlook is mirrored on the intraday hourly chart conjointly. The chart will seem to be rolling over currently with the two hundred hour moving average currently in decline for the primary time in over a month. Also we see pressure mounting with consistent lows below $1330. The pressure is building and a move back to check the key low at $1319.61 (the 1st key reaction low on the daily chart) can be afoot.