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zipink
Jun 17, 2013 6:42 AM

Spot Gold - Potential Long for 17 Jun 2013 Week Long

Gold FuturesCOMEX

Description

There was no follow-through selling after the red bearish bar.
Those who shorted will be trapped if price continues to go up higher this coming week - 17 Jun 2013
Stop will be at swing low.
It is forming a higher low, suggesting that there is underlying buying and the bears are not strong enough to take down prices anymore.

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