Wednesday, February 16, 2011

Gold on 16-Feb-2011 (Wed)

Gold has break above the resistance of 1368 and closed at 1371.
We didn't get our entry to long again yesterday, but closing above the resistance signals that the bull still have way to go.  This is good and I will continue to queue for Long, and target as per our weekly forecast 1382, with minor resistance at 1378.

Today's trading plan:
Long Gold at 1367, SL 1363, TG 1382

Related: Gold on 14-Feb-2011
Related: 3 Majors and Gold on 15-Feb-2011

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