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Friday, January 22, 2010

Gold direction

G'day Dynamic Traders,

I have been stopped out of my long Gold position as it struggled to break up past the Fib breather level.

We now have a lower high and price is looking to retest previous support. If it manages to break it the next possible area is the value index which also coincides with Fib levels. An opportunity may become available if price breaks the next support level and creates a lower low.















Good Trading!
Bijal Shah

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