Tuesday, 4 September 2012

Welcome back! Gold continued

Classic reaction line behaviour here with a 'zoom' through seen last Friday. It certainly looks like gold is on its way up again to 1700 and although the daily and 240 min bar looks pretty benign, anyone who had a position/wanted to take a position or had a stop knows that we saw a massive range and dip down before price soared upwards to the 1690's. See previous posts.

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