>COMEX GOLD TECHNICAL VIEW YEAR 2012

1. Huge Liquidation pressure from higher level witnessed.


2. High Volatility at the Top Price.


3. Breach of rising trend line.


4. Large magnitude bar with wide range and high volatility at the Top Price.


5. Breach of long RSI support at 62. Current RSI is 57.67.


6. Formation of negative in side bar on quarterly basis.


7. Gold price placed well below the Daily and Weekly Moving averages.


8. Gold price below 200 DMA on Daily time frame.


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