Tuesday, April 16

Gold Technical charts after worst Sell Off in 30 years

15 April is the largest one day decline from the previous day's close @ -9.6%. Volume is already north of 530,000


There have been three rounds of liquidations.
  1.  Asian liquidation
  2. European liquidation
  3. US liquidation phase . You are witnessing an historical selling climax folks.
  4. Another trigger for selling is CME Hikes Gold, Silver Margins By 18.5%

RSI shows gold to be the most oversold in 31 years...

20130415_gold1_0

Gold pushes down to the 50%..

Continue Reading

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home