Gold : Critical Point 1284.0 *LINK*

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Melbourne Qindex 06:59 GMT September 18, 2013 - My Profile
Gold : Critical Point 1284.0 : Reply
Gold
Entry: Target: Stop:

Gold : Critical Point 1284.0

As shown in the monthly cycle charts the market is under pressure when it is below 1311.3. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through the critical point at 1284.0 (see the monthly cycle reference / normal lower limits). The monthly cycle directional indicator suggests that the next downside targeting range is 1211.8 - 1219.8. Sell on rallies is the preferred trading strategy when the market is below 1311.3.

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Gold : Critical Point 1284.0 *LINK*

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