August 12, 2011

Head and Shoulders of GOLD

  • Gold bears will be strong below 1731 and stronger if they manage to break 1718.
  • Head and shoulders will be invalid if price goes above 1770 level.
  • 1731 and 1718 levels may act as support as well.
  • Shorting gold is risky because of its primary trend one has to have strict stop loss.

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