Hong Kong Qindex 21:29 GMT December 20, 2012 - My Profile
Gold : Critical Point 1644.0 : Reply
Sell Gold
Entry: Target: Stop:
Gold : In the London session gold may be able to hit the levels at 1603.1 - 1610.5 - 1622.3.
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Gold : Monthly Cycle Charts
Hong Kong Qindex 21:26 GMT December 20, 2012 - My Profile
Gold : Critical Point 1644.0 : Reply
Sell Gold
Entry: Target: Stop:
Comex Gold : The metal settled at 1644.9 for the Dec contract. The bias is still on the downside when the market is below 1670.9. Sell on rallies is still the preferred trading strategy. The weekly cycle normal lower limits are positioning at 1561.6 - 1632.9 - 1644.7. As shown in the monthly cycle charts speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the point at 1587.1.
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Hong Kong Qindex 12:36 GMT December 17, 2012
Gold : Critical Point 1644.0 : Reply
Sell Gold
Entry: Target: Stop:
Gold : Critical Point 1644.0
As shown in the monthly cycle charts the market is under pressure when it is below the monthly cycle pivot centre at 1709.8. Sell on rallies is still the preferred trading strategy. In the mean time the market is going to consolidate within the weekly cycle pivot centres which are positioning at 1658.5 - 1703.6 - 1718.8.
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Gold : Monthly Cycle Charts
