Gold breaks the minor ascending support shown on the hourly chart above,
a continuation and a break below 1211.00 support and the floor of the
sideways range would clear the way for further losses, probably towards
the major low at 1180.00.
Support: 1220.00, 1210.00, 1200.00, 1190.00, 1180.00
Resistance: 1230.00, 1243.00, 1250.00, 1258.00, 1268.00
Gold Trading Recommendation (19/12/2013) Short below 1226.00, targets at 1211.00,1200.00 and 1180.00. Stop loss above 1241.00.
Support: 1220.00, 1210.00, 1200.00, 1190.00, 1180.00
Resistance: 1230.00, 1243.00, 1250.00, 1258.00, 1268.00
Gold Trading Recommendation (19/12/2013) Short below 1226.00, targets at 1211.00,1200.00 and 1180.00. Stop loss above 1241.00.
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