Tuesday, September 10, 2013


Gold for the week starting 9-Sep-2013

This week rookie trader is very sleepy and rookie cannot find support and resistance.
But he changed view from bullish to bearish.

I showed him my forecast and I decided to post it here.

I forecast Gold to trade sidway bias down to support $1350.
This is also a level where I will cautiously hunt for long.
Strong support at $1330.

Although short is preferable, I would patiently wait for Gold to return to $1400 for shorting opportunity.


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