Yamada Says Gold May Slump After July Rally: Technical Analysis – Bloomberg 08-07-13

Salient to Investors:

Louise Yamada at Technical Research Advisors said steeply declining monthly momentum and moving-average signals indicate gold may resume a slump as the parabolic stop-and-reverse system and the 10-month moving average below the 20-month measure remain intact after the rally. Yamada said gold may near the 34-month low of $1,179.40 on June 28 and will need a lot of repair to come out of its bear market.

Read the full article at  http://www.bloomberg.com/news/2013-08-08/yamada-says-gold-may-slump-after-july-rally-technical-analysis.html

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