Friday, September 23, 2011

Gold - bounce play

Gold is in oversold territory here at 1665..Good play here to go long for a decent bounce, and maybe even a retest of the highs...I was bearish on gold at the 1900 levels, and still am bearish in the medium term, but for now i think the right play is to go long. Stop loss is a must under 1650, and if the play works, stop loss should be raised gradually..




------------Stopped out. 

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