Monday, June 24, 2013

Gold on Mon 24-Jun-2013

Gold has fallen to 3L and appraoching 4L.

Strong support at $1260 which is only $20 away.
Stochastic is mid range so there might be room to go down from current price of $1283.

Strong resistance $1340.

I forecast market to trade sideways bias down towards $1260.
Short opportunity $1315
Long opportunity $1279
SL $8
TG $20-24 / close EOD.

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