Gold retested 1254.00 resistance level yesterday, but was initially
rejected, accordingly, holding below this resistance area keeps the
bearish configuration intact, within the context of the overall bear
channel.
Support: 1243.00, 1235.00, 1230.00, 1220.00, 1211.00
Resistance: 1250.00, 1258.00, 1268.00, 1275.00, 1280.00
Gold Trading Recommendation (17/12/2013) Short gold below 1253.00, targets at 1240.00.1225.00 and 1211.00. Stop-loss above 1270.00
Support: 1243.00, 1235.00, 1230.00, 1220.00, 1211.00
Resistance: 1250.00, 1258.00, 1268.00, 1275.00, 1280.00
Gold Trading Recommendation (17/12/2013) Short gold below 1253.00, targets at 1240.00.1225.00 and 1211.00. Stop-loss above 1270.00
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