22 May 2013

Gold : Daily Bear Flag

  • Monthly and Weekly : Unquestionably bearish patterns.
  • Daily : Price action of the past few days = bear flag. More downside to come. Expect a revisit of 1321 at a minimum. Bear flag target = $1250. (weekly objective = 1270).
  • Trades : Started current series of shorts at -1436. Mindful of restricting exposure to <25% (or thereabouts).

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