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twolines1
Jan 4, 2013 6:30 AM

Gold Long

Gold/U.S. DollarFXCM

Description

Current drop down to the support area is a good opportunity to get long positions with the tight stop loss. Expecting Gold to progress to the up side on the longer period of time and next serious resistance should be around 1,750.00 area. Below current support levels (1,630.00) Gold will become a bear market.
Comments
CaliforniaTrader
Lows should be in, although I couldn't resist taking profits on the close. Will get back long Sunday/Monday regardless. The issue is money management.
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