Our recommendation for 29 November 2010, Gold intraday trading, Short (Sell) positions in Gold below 1367 with 1357 & 1346 as intraday targets. Stoploss must be placed right near 1373 level.
Why to go Short: The price has struck against its resistance near 1367 level and a bearish flag pattern is taking shape calling for further downside.
Trend: Short term: Consolidation; Medium Term: Bullish
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