MUMBAI, Mar 26 - Gold Trading futures prices on Comex took support at the 62% retracement at USD1628 levels and started its up move. Analysts will look for momentum to shift in gold’s favor this week, particularly now that the metal gained some technical traction this week by bouncing from a chart area that is now being viewed as nearby support
Gold Technical View : We have made things simpler for readers, we have incorporated a indicator overlaid in prices which gives the common investor the over all trend of the commodity at a glance.
On the price chart ,we have given the Cylcle strenght indicator for GOLD , Silver, Crude, Euro and Dow – and the way to interpret is as long as the indicator values is above 0% – a bullish ( strength) signal and below 0% reading indicated a bearish ( getting weaker) signal.
As you see the Gold has given a buy signals recently ( see previous posts and latest post here Gold Trading
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