Thursday, December 13, 2012

GOLD: Its All Technical Moves Gold Short Trade
Its all technical moves in GOLD. One resistance breaks but another holds. Here is the setup I posted yesterday and levels still holds.

Currently price has broken below a major support area. This area been on-off as support & resistance. 

I expect this area to provide resistance to any spikes.

Now focus comes to lower support area which was tested on 2-Nov. 

I plan to go short on any spikes towards the broken resistance area.

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