Gold Trading Recommendation (09/12/2013)

Gold maintained the fluctuating stance below 1250.00 key resistance on Friday, trading in a sideways but with a slight bearish bias recently, accordingly the bearish wave continues to be intact, and further downside remains the most likely scenario for the week, unless price manages to take 1250.00 level, and that would suggest a short term bullish recovery.

Support :    1220.00, 1210.00, 1200.00, 1190.00, 1180.00
Resistance: 1230.00, 1235.00, 1240.00, 1250.00, 1258.00

Gold Trading Recommendation (09/12/2013) Short below 1243.00, targets at 1230.00 and 1215.00. Stop loss above 1258.00.