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The Wild Card Gold 24 Aug 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Aug 24, 2009.

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    The Wild Card Gold 24 Aug 2009
    Monday, 24 Aug 2009

    Will the ,'s Bearish Trend Continue this Week?

    The Wild Card

    Gold

    Gold prices saw a bullish trend during last week's trading session, and an ounce of gold is currently traded for over $952. However, as a bearish cross is taking place at the 4-hour chart's Slow Stochastic, it appears that a bearish correction might take place soon. This might be a good opportunity for forex traders to catch the trend at its beginning
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