Tuesday, December 4, 2012

GOLD Broke the Horizontal Support

myfxvoyage.blogspot.com GOLD Trade
Gold has broken a long held horizontal support level of area around 1705. 

This area has provided support on pullback on several occasions. Now after broken, it should be a case of support-turned-resistance. 

After the break of this horizontal area,  focus comes on another horizontal resistance area of 1675. 

I am expecting that area to hold on pullbacks and would like to go long around 1675 area.

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