My gold trade for the week of February 10th 2014

Discussion in 'Commodities, Stocks, and Indices' started by Rambo35, Feb 10, 2014.

  1. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    Looking at the hourly chart I am looking to take a short position in gold above 1,275. The emerging market issues have pushed gold higher and it has formed a bearish chart pattern. I think we will see a counter-trend correction which could take us back down to support levels between 1,250 and 1,260. A breakdown from here can lead to a test of 1,190.
     
  2. GoldGuru

    GoldGuru Trader

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    @ 1241

    Support for today should sustain somewhere around 1230 jittery bullish, IMO..
     

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