rtechs

Does Gold will make much awaited breakout ?

TVC:GOLD   CFDs on Gold (US$ / OZ)
TVC:GOLD price broke to new high yesterday and came very close to the jan high of $1365. Inability of TVC:GOLD to finally break above $1365 is not a good sign. If BULLS can hold above $1340 and make another try to break above $1365, then we can see much awaited breakout. Inorder to be in race TVC:GOLD should be trading above $1340-30 levels.

Chart Summary

Support at $1340- $1330 levels.
Breakout above $1365 (bullwin)
Comment: Gold down by more than 12 points... need to see whether it holds at support.
Comment: yesterday gold holds support of 1330....

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