I agree with elee. with downtrend of gold price his figure can be very soon its just a matter of time as support of .49 is broken.
But I noticed 2 important trends this afternoon which I thought to share. 1st is a uptrend which started on 1/5/15 came back tested 26 may, then 17 June and then again today at .46.
second is a down trend which started 30 July and is current.
but they both crossed today. and when this generally happens you see a presence of bulls in the market. But with gold also on the slide not sure how it is gonna play.
I agree with elee. with downtrend of gold price his figure can...
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