Majimaji
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About Myself
trader. Nothing much to say.
Trading style
FLOWS
Current Broker
IBFX

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Majimaji's Blog

GOLD ARGUMENT FOR BULLISH TREND

Posted on January 20, 2013 at 12:51pm 2 Comments

CASE FOR GOLD BULLION 2013

 

  • Price action on the weekly looks set for reversal of the price of gold:

    -After heavy selling Gold formed a reversal bullish hammer right at 61.8% Fibonacci retracement.
  • Gold is still trading inside a wedge and is likely to break to the upside
  • RSI and Slow Stochastic did not confirm lower low (positive divergence)
  • There is a MACD Buy Signal on daily chart
  •  Support around US$1,625.00-1,640.00…
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Comment Wall (1 comment)

At 6:01pm on June 21, 2011, FX BOOTCAMP said…

Welcome!

 

May the pips be with you.

 

Wayne McDonell

http://www.fxbootcamp.com

 

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