PaulWallace
Short

Gold breaks bear flag

FX:XAUUSD   Gold Spot / U.S. Dollar
134 3 0
I'm looking for continued gold             selling and a retest of 1345. Gold             is currently in high correlation with the US Dollar             , so keep an eye on the dollar index             .
This worked out very nicely.. price touched the sell zone and broke down on 19/06 after Bernanke's speech on QE3 tapering later this year.

I will wait for a pull back before looking to get short again. The breakout level at 1340 might be a good place to get short.
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where i refer your later gold forcast.


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PaulWallace ooi.enghin
Do you mean a long-term forecast? I haven't published it yet - stay tuned.
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