Gold retested 1220.00 broken support-turned-resistance level, where price was rejected at that resistance, attempting to resume the overall bearish bias. An that hints the correction may halt at this resistance and we may see another attempt lower this week. Holding below 1220.00 should keep the bearish bias intact, while a break above 1220.00 shall extend the upside correction towards 1250.00 areas.
Support: 1200.00, 1190.00, 1180.00, 1165.00, 1150.00
Resistance: 1210.00, 1220.00, 1230.00, 1243.00, 1250.00
Gold Trading Recommendation (30/12/2013) Short below 1215.00, targets at 1200.00 and 1185.00. Stop loss above 1227.00
Support: 1200.00, 1190.00, 1180.00, 1165.00, 1150.00
Resistance: 1210.00, 1220.00, 1230.00, 1243.00, 1250.00
Gold Trading Recommendation (30/12/2013) Short below 1215.00, targets at 1200.00 and 1185.00. Stop loss above 1227.00