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Saturday, February 4th, 2012 - The Gold Economy - Bringing you trusted gold news and gold investing information since 2006


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Technical Update-Gold

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Long Term Trading Advise- Current risk reward ratio for a long term bearish trend is rather high, wait for a rebound around 1,120$ and use the 1,130$ key resistance to place your stop loss above it, ride the bearish momentum with 1,072$ as your target.

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Short Term Trading Advise-For the short term trader a good risk reward trade would be to wait for a close above the 1,111$ resistance and ride a short rebound to 1,120$.Above the 1,120$ the proximity to the 1,130$ resistance could trigger the bearish trend to resume.
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This entry was posted on Friday, March 12th, 2010 at 7:15 am and is filed under Gold Trading. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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