Gold on 17-Feb-2011 (Thu)

My queue to Long Gold at 1367 is not hit, however, market has progressed as per our forecast and hit our initial target 1378 and came close to our weekly target 1382. Gold recorded a high of 1381.57 yesterday.

While it has made a high of 1381.57, Gold began to slide and current sentiment is that Gold may travel in consolidation with a strong resistance at 1382 for the week.

I reckon Gold to consolidate and current support 1360, 2nd support 1352.
No trade for today.

Related:
Gold on 16-Feb-2011 (Wed)
3 Majors and Gold on 15-Feb-2011
Gold on 14-Feb-2011 (Weekly)