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GBP-GOLD (1028.6) : Critical Point 1004.4 *LINK*

Melbourne Qindex 06:36 GMT December 18, 2011 - My Profile
GBP-GOLD : Critical Point 1004.4 : Reply
Gold
Entry: Target: Stop:

GBP-GOLD (1028.6) : Critical Point 1004.4

The market is now outside the monthly cycle normal trading range which is defined as 1047.4 - 1215.5. Sell on rallies is the preferred trading strategy. The "Monthly Cycle Directional Indicator" suggests that the market may tackle 915.3 in the next 2 months. Speculative selling pressure will increase when the market is below the critical level at 995.6 // 1004.4.

Qindex.com

http://www.youtube.com/watch?v=dZEGYpXE5B4

GBP-GOLD : Monthly Cycle Charts
http://www.qindex.com/gbp-gold.html