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Thursday, June 21, 2012

Gold : more to the downside...

Barring breach of $160 on the upside,
Gold's trend channel is down....

Now at important support level $155-$150

$$130 will be the objective to the downside.
Over 3 to 4 months

$20 movement on $150 entry
About 15% profit....

Risk/Reward : 1:2
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