Tag «DEC 2014»

GOLD REPORT-DEC 2014: Umesh Shanmugam

The technical structure of the gold chart also isn’t pretty. Despite last Monday’s huge upside reversal the daily chart is still exhibiting a bear flag pattern as price remains below a declining 50-day simple moving average and has consistently demonstrated an inability to maintain rallies above the $1200 level: A couple of other headwinds face gold …