In my yearly review I told Gold is making lower highs and lower lows pattern, now it will be out of that pattern if it breaks $1800.
In fact there is a sign that Gold is making a bullish pattern though it is in early stage, so nothing is sure yet. I can say that USD has a contribution behind Gold’s movement this year. So in coming days both macros and USD are going to play vital role for Gold.
I am still holding my view which I said in my yearly review (Gold market review for year 2011 and Gold forecast for
year 2012.) that $1350 is a vital
support for Gold, as a matter of fact it even failed to break that $1450-$1500
range. So unless it breaks those levels I am not negative about Gold,
irrespective of the outcomes of
debt talk. Greece
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