Monday, 23 April 2012
Gold Long set-up.
In Gold we have a nice set-up on the Daily chart. After forming an inside day on Friday, Gold broke out to the downside today before re-tracing the entire move and duly forming a false-break hammer candle on the daily chart. This has occurred at previous support and after a gradual loss of momentum in selling pressure since topping out in Feb. If we can close above the 1630-35 level I will be looking to get long...
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