Gold price found resistance at the big round number of 1800 and was repelled lower in afternoon trading. But prior to the selling, price made another swing high and closed above 1775 for the 2nd day. Support is still the 1775 level with 1750 being the swing low that must be sustained to keep the bullish stance and the short term up trend. Resistance is the Bollinger band and then the 1825 area. RSI is getting close to over-bought territory with a reading of 65.........
http://matrixsentry.wordpress.com/2011/11/08/gold-8-nov/
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