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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Wednesday, November 16, 2011

Gold is to retest 1600 Support near term ??

Gold has climbed rather slowly over last three months without any significant retracement.

The imminent strengthening of Dollars and weakness in Euros may trigger the rapid decline of Gold as  similar in September month this year.

However, as long as the trend line support is intact , we will not expect its rapid weakening  unless the immediate Support  near 1741.50 ( Ichimoku Bottom Support),  and 1735.00 ( its recent Low) are breached.
 And Breaking Both  Supports may expose 1600.00 next.


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