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Tuesday, June 11, 2013

GOLD NYMEX - COMEX - WEEKLY TRADING UPDATE : 11 JUN 2013

Best Buy & Supp for the week @ 1395 Actual Resis & Best Short Level @ 1405.80 a break above 1416.60 Upside capped @ 1436 - 1440 - 1452 However a Crack Below 1384.20 Downside Capped @ 1360 - 1348 

Daily Trend : Initial Indicators Suggests a Small Dip for Downside 

Weekly : All Initial & Major Indicators have placed itself comfortably above the Resis Channel  & Inched up to settle in Bulls Territory 

As of Weekly Levels Gold has made a low 1366 , And the Daily Indicators which are suggesting Small Dip & That can put some pressure on prices to test 1360 & Not below that 

As of Now after Days Low 1366

1st Resis @ 1374 & Actual Resistance @ 1379.10 a break above 1384.20 will Activate the Bulls and Bears hope of 1360 will Fade Away 

Now @ 1375.35 - Speculation : sell @ 1379.10 for Tgt 1360 , With Strict Stops Above 1386 Mark & if get 1360 it would be an Ideal JackPot Buy for the Unstoppable Bull Ride
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