LEONES
Long

Gold glitters again

COMEX:GCZ2013   GOLD FUTURES
331 1 2
Today price action is showing that the gold             up-trend started in July is not ended. Daily bar bounced from the up-sloping lower parallel and 20EMA (double support). I see another wave up from 1410 to the next resistance 1484.0 -1488.0 (also median line of the price projection). Commercial traders are reducing the shorts and funds seem fuelling the move up increasing the longs. Geopolitical events to monitor.
Still open for both directions. Waiting for a clear signal
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