June 21, 2014

MCX GOLD monthly charts

Broader consensus view is that the multi year bull run in GOLD is over and now a long bear phase has started.

This is how the monthly charts look like. Note that I have not shown the rally starting 10000 levels.

What is however clear is the strong support at 25000.

Now if you are a long term investor in GOLD , you should be worried only if this level breaks.

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