Thursday, 11 March 2010

Spot Gold - Xau/Usd

Hourly rejection off the 200 lwma and doji top seeing gold reverse yesterday afternoons upward move. Indicators also confirming a retrace lower. Sell above 1126.50 stop 1130, target toward 1118.30. Silver see´s a similar pattern with strong res at 17.50/55 triple top and Daily R1. Inicial sup at 17.22 then 17.05.

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