Fwd: Eagle Eye Analysis : GOLD daily chart Trading below the support levels

Currently Gold is trading below the support levels of 1578, the further down move is likely to continue where the next support expected around 1554 follow by 1522. For the reversal on higher side resistance is seen around 1605


----- Forwarded Message -----
From: eagleeyeanalysis
Sent: Tue, 8 May 2012 16:47:14 +0530 (IST)
Subject: Eagle Eye Analysis : GOLD daily chart Broken the support trend line.

GOLD @ 1627.44
Eagle Eye Analysis : GOLD daily chart Broken the support trend line.
The Down move is likely to continue where the next area of support seen around 1600-1578 levels. For the reversal on highere side resistance is seen around 1642.