Monday, December 10, 2012

GOLD Trade Plan GOLD Trade
I am watching this setup from past few sessions. Details [here].

Currently price is hitting upper resistance area on H4 charts. This area is support-turned-resistance. A break above this area should bring focus on the upper trendline.

Unable to break this pair should mean that pair might test lower horizontal area again.

Currently its Asian thin market, so I will wait for Europe open to see how the pair reacts and if its able to break the resistance area.

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