Sunday, December 19, 2010

Gold on 20-12-2010

Gold Weekly Forecast - 20 Dec 2010

My view on Gold is bearish, next week, Gold can only go highest at 1385.
Gold will possibly extend its bearish trend until end of the week before showing consolidation.
Support at 1350 region, or if we take 1:1 correction from 1430, potential to hit 1346, if Gold break below this support, strong support at 1330.

So my trading plan for Gold next week, would to short Gold at 1385 resistance, 1392 SL, looking at TG 1350.

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