Sunday, October 21, 2007

Sunday Night Gold

Gold made a very strong push down tonight establishing Leg 1 of what should be a 3-leg move. I fully expect any move up to the 20ema to be the start of Leg 2. I will put on a short at this location if my 5-minute momentum indicator stays short. I will use a 15 tick stop. Target would be the lows of Leg 1.

Gold Play Update: Gold play was aborted with no entry triggered.

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