Thursday, November 26, 2009

Gold update with weekly chart - 1


Gold hitting higher high and last month move has been vertical , with 2 gaps, already. Support at $ 1150 - 1130 - 1100 closing below $ 1100 would arrest the uptrend. Target are valid as given earlier $ 1250 (161.8 % retrace ment ) and now I have added 2 more target of inverse shoulder. Anyhow longs can start book profit partially on every rise.

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