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Thursday, April 30, 2015

Gold Trend April 30, 2015



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Long Term ~ Bearish-Need a monthly close above 1800 to confirm the bull market 
final phase underway. Need a monthly close above 1560 to neutralize the trend.
Medium Term ~ Bearish– Need a monthly close above 1255 to remove bearish trend.
Intermediate Term ~ Neutral– trading range 1170-1225.
Short Term ~ Neutral–   Price remains in trade range 1175-1225 
and waiting for breakout or breakdown.

Initial Resistance 1212-1222 2nd tier 1228-1231
Support 1189-1195 2nd tier 1178-1183

The last update listed resistance at 1205-1212 and the high was 1215. 
Support was listed at 1189-1195 and the low was 1200.

Gold Short Term
Resistance on Wednesday will be the 1214-1222..  Support is 1189-1195 and 1178-1183.  .  We remain in a trade range of 1175-1225. As long as we are in the trade range, it can go either way.
 

M Samer Al Reifae
Official Representative in Romania at HiWayFX
http://lordoftruth.blogspot.com
samer@hiwayfxglobal.com
+40 734 277 757

YOU ARE NEVER LEFT ALONE

YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend. 
 King Regards