Follow the tendency, and study turning points with the Fibonacci approach to the markets.
Thursday, May 31, 2012
GOLD
We will see how much time the 1500 level can resist.
That´s the level that decide the Future of GOLD.
At least we see Gold Prices above 1800 i will think there are more chances to see lower prices for gold. It can go to 1200 with a stop in the 1300 Level.
I´m more Bearish than Bullish in Gold but i suggest not to take any position until we see the 1800 o prices underneath 1500.
At the end the market will decide the future .......... and we have just to follow.
"The trend is your friend"
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