FX ticker

Saturday 17 December 2011

Spot Gold bullish short term, bearish long-term

View my video of spot gold action since making its top. I expect a short-term bounce after Friday's outside range day and strong close but there is no sign that a major uptrend is about to emerge any time soon. I think it is more likely recent lows will be taken out with a retracement back to the 1000 level. But I'll wait for the break.

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