Gold: - Can Fall Up to 25K-18K |
Posted: May 30, 2014 |
Gold may not be able to enter an uptrend as long as it remains below 28800. It has breached the first support of speed resistance lines and within 4-8 months it may reach 25000 (its Jun 2013 low) which is an important 38.2% Fibonacci level as well as the second support by speed resistance lines. If support of 25000 is broken, gold may fall to 18000 by 2015 to 2016.
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