Our recommendation for 30 November 2010, Gold intraday trading analysis, Short (Sell) positions in Gold below 1377 with 1367 & 1357 as intraday targets. Stoploss must be placed right near 1383 level.
Why to go Short: The price has struck against its resistance near 1378 level and a bearish flag pattern is taking shape calling for further downside.
Trend: Short term: Consolidation; Medium Term: Bullish
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