Sunday, December 12, 2010

Gold on 13-12-2010 (Mon)

I suspect Gold to be trading in the range of 1370-1400 on Monday.
In case Gold has break below 1370, next support 1350.

While we can observe a pincer bottom at 1369, this shows a good support level for Long position.
Prefer to Long Gold at support level 1370, SL 1365, TG 1400.

For shorts, observe reversal, or a inverted "V" near resistance 1400-10 for a short entry.
In case Gold break above 1410, next resistance is the recent high @ 1430.

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