Hello and Good day all. APROPOS MY POST EARLIER TODAY || MONDAY GOLD || What to look for (as if I am an expert lol) || It is my sentiment that downside should continue. But if there is any initial upside, should be contained by 20day, 100day and Friday high 1326-27on the outside. Just watch the price action. Trend is bearish and the drop-pullback ought to initially seek 1306-05 (50% support level) and below that 1302-1300>>1298-96-95 (there is a gap at 1296) and further down 1290-88. Keep in mind that 1285 is also a support area. Can’t tell when to expect the uptick-rally. In any case don’t see that getting beyond 1330-31 and 1337-38 on the outside. || It is my view that a top is in place for gold price; bottom has not been found yet. Lets go look for it!! :) TRADE SAFE
Posted on: Sat, 02 Nov 2013 15:07:20 +0000
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