Gold Trading Analysis for 16 Nov 2010, Sell below 1365

As per our analysis, SHORT positions in GOLD below 1366 levels with targets as 1351 & 1337. Stoploss must be placed above 1372.

Why to go Short: The price is on the downside challenging the 20 days moving average. RSI lacks upward momentum, which restricts upside.

Trend: Short term: Limited upside; Medium Term: Bullish

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