TSX:LSG.DB - Post by User
Post by
TRRGon May 28, 2014 11:07pm
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Post# 22608278
Technically, gold is vulnerable to a further fall
Technically, gold is vulnerable to a further fall Technically, gold is vulnerable to a further fall to the double bottom between $1,180/oz and $1,200/oz.
The 14-day relative-strength index fell to 32.9 yesterday, the lowest since December, and near the level of 30 that suggests a potential rebound to technical analysts. Gold has rebounded 5.2% this year even after yesterday’s 2% price fall and remains one of the best performing assets so far in 2014.