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    • nicefirework replied Apr 15, 2014

      The only variable is price, if you see yesterday 14 april 2014. london morning 1324.5 and london afternoon 1325.75 price still up trend until break this price in the next fixing time (london morning).

      Only Gold!
    • nicefirework replied Apr 15, 2014

      Ya, I agree with your view. Reversal trend usually follow by retest the current new low. If price gradually increase its mean short covering / profit taking. This is usefull read how short covering works, just becarefull if hedge fund taking profit. ...

      About the course
    • nicefirework replied Apr 15, 2014

      I am new to gold, but in trending market theory price will find another low to continue trend otherwise change direction. If you see yesterday afternoon close 1325.75 and today london morning 1311.5 its mean trend has change to down trend, that is ...

      Only Gold!
    • nicefirework replied Apr 15, 2014

      For large size position spread will costly. I have short position at 1185 and hedge it with long gradually when the price drop, fortunately no swap and commision fee in my broker.

      Only Gold!