The Bear Market in GOLD is Gaining Momentum? | Pacific Trading Academy
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The Bear Market in GOLD is Gaining Momentum?

20 Mar Posted by in Market Forecasting | Comments
The Bear Market in GOLD is Gaining Momentum?
 

 

The media advertisement to buy gold is at it’s maximum.
I believe the gold bugs are in for a surprise!
My indicators are showing that platinum is leading the way to the downside.
Time to add to our existing gold short positions.

 

Sell June Gold @ 1650/oz.
Risk 25% of margin, which is about $30/oz.
Next target $1550/oz.
This is the Sep 2011 and Dec 2011 lows.

 

Hany

 

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