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- mark_it replied Mar 25, 2013
Locked in profits. Bernanke and King could cause the markets to spike, I'm thinking the 50 day mva is a hot target so have a short order just below. If GOLD does spike to 1626/27 I think we could come down from there pretty sharpish. Failing the ...
- mark_it replied Mar 25, 2013
GOLD shorts from 1609 still in play, we could get a mini bounce back to 1595-1600, other than that the only support I can see is way down below at around 1581 and 1558.
- mark_it replied Mar 22, 2013
I can see resistance at 1624 on the 4H GOLD chart. GOLD might try to throw itself over this level, in which case it looks like it will drop soon afterwards. If it doesn't hit 1624 i.e. undershoots, it could drop heavily very quickly. Tentatively ...
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