Gold Trading Recommendation (16/12/2013)

Gold moved slightly higher on Friday, correcting some of earlier losses, however price remains within bearish trend, below the key resistance area among 1254.00-1268.00, accordingly, we remain bearish for this week.

   

Support :   1230.00, 1220.00, 1211.00, 1205.00, 1196.00
Resistance: 1235.00, 1243.00, 1250.00, 1258.00, 1268.00

Gold Trading Recommendation (16/12/2013) Short gold below 1240.00, targets at 1225.00 and 1211.00. Stop-loss above 1258.00