The trend of gold is tremendous, since july 2011 gold has gained nearly $400/ounce and the raise in gold due to poor global macro economic conditions.Gold is resisting to close above $1900 levels on EOD basis. As bulls could not manage to hold the $1900 level yet again – this time forming a bearish double top pattern in the process.
SDA2 EOD Buy or Sell Signals are shown for World Commodities (Gold,Silver,Lead,Tin,Oil, Sugar, Cotton…etc). Rates are denominated in dollar terms. Buy Signal continues in gold since February 2011. Recent Sell signal in cotton. Aluminium,OIL,Silver,Sugar,zinc holds the recent buy signal as per SDA2 Trend trading system. Check for the gallery for EOD charts with buy or sell signal.