Gold Technical Analysis - 2012.11.11

Gold was closed last week (10 Nov 2012) with a chance to form a doji (evening star pattern) in Daily Chart around its 50 fibo. In addition, gold just make the doji just below the resistance of SMA 50.If on Monday we have gold open lower than 1725, I think there's a big possibility it will going down for a while.

The shorter time frame (H1) with SMA 20, also shown more or less the same bearish signal (in above chart)
But, in the 4H time frame with SMA 20 (chart bellow) and my indicators, gold looks like it is already on its support and ready to have more bounce upside.

So, it's a little bit risky to make position at this contradictory condition. Better wait and see for more candles before making an entry
Good luck...
GG 2012.10.11