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  1. #1
    Master Member vinayakm's Avatar

    Weekly Call on Gold !!!

    $1200 was clearly a long term support level and now it will head back up until it meets resistance at $1300
    Weekly Call on Gold
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  2. #2
    Senior Member raymond09's Avatar
    Yes last trading day gold was back the low in last 3 years. But from there i starts rising and able to break it major resistance of 1224 where now it is 1234+. We expect more fall up to bellow 1100 but before that Gold may reach 1300+ level shortly. Actually 1334 is the next key level. From there it may be fall up to 1000. So buyers are request to be more aware. Better to wait for more down to take position.

  3. #3
    aqz
    aqz is offline
    Rookie Member aqz's Avatar

    test !!!

    I think i will join you and test trade it too, it suppose to make few dollars!!!
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    Last edited by aqz; 07-01-2013 at 11:18 AM.

  4. #4
    Master Member Bogdan G's Avatar

    Test !!!

    Just testing, I really have no view on gold
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  5. #5
    Specialist Member marvel's Avatar
    Gold really went north fast after the bottom at 1180$ per ounce but it is still doubtful will it rise again or it will stay in this range in the next few weeks so I will stay out of any trades here for a while

  6. #6
    Legendry Member milos's Avatar
    The price of gold entered into correction but still not out of the growing trend in which it entered at the beginning of this week.Still,even with a small recovery Goldman Sacks Group expect the price to the end of 2014 tend to $1050 per ounce.Credit Suisse Group believes that in the next 12 moths fall to $1150 an ounce.Large international bank Morgan Stanley to BNP Paribas have also reduced their forecast in the past month.During the day the price fell 0.60%.

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