Thursday 12 December 2013

Gold Trading Recommendation (12/12/2013)

Gold retraced slightly yesterday, but trading was within a very tight range above 1250.00 support area, accordingly, we still see further upside as breaking above 1250.00 indicates further correctional upside.


Support:     1250.00, 1243.00, 1235.00, 1230.00, 1220.00
Resistance: 1258.00, 1268.00, 1275.00, 1280.00, 1290.00

Gold Trading Recommendation (12/12/2013) Long above 1250.00, targets at 1258.00,1268.00 and 1275.00. Stop loss below 1238.00.

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