Is it time to buy Gold from Ichimoku charts? 8-3-12

Yesterday, we reached the major support level of 1591. Today, we bounced off it and got to a minor resistance level of 1606. Gold has to close above the 1606 level in order for a bullish trend to try to get to the major resistance level.

Be patient and wait for the setup.

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About the Author Manesh Patel