Thursday, April 4

Gold and Silver technical analysis

Gold and other commodities showed intense selling yesterday when Fed reserve member gave hint of Fed bond buying program can wind up if US keeps on improving. Gold is near a crucial 2 year support of $1526 and Silver near 26$, break of which can intensify technical selling. Lets analyse the technical chart of both Gold and Silver.

Gold

goldh4


Gold 4 Hour chart with Fibo regression channels,is shown Gold broken the important channel support of 1550 and made a low of 1541 as discussed last night in facebook post. Trend is still ...

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