Thursday, May 13, 2010

Gold reaches 1st target

Gold reached 1st target of 1233$/oz this was the target of a recent
small head n shoulder pattern.The bigger target of 1300$/oz is
pending.traders having long positions can consider keeping 17600 as TSL,
but shorting is not advisable even if TSL is hit.In dollar terms the TSL
comes at 1215$/oz.

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