sheetal Posted May 9, 2010 Report Share Posted May 9, 2010 Hello friends, Please feel free to post in here your opinions and trade ideas about XAUUSD. Fundamental ideas are also most welcome. http://i43.tinypic.com/15gxwrd.jpg As on 7th May, 2010: Gold seems to be in a solid Up trend. Last pullback (S1) was $1160. Level $1230 is a good R level since we might witness a double top. Since $1130, this metal has been making consecutive new highs without breaching last pullbacks. If this metal is able to breach the $1230 level, we might expect a uphill run till $1310. As on Friday, the close was $1208.50. A long position could be initiated with stop of US$ 58. I could be wrong but these are my thoughts. Quote Link to comment Share on other sites More sharing options...
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