Tuesday, May 21, 2013

GOLD test of $1323 a 'success'.......so far.

Gold Daily Chart @ Close 05/20/2013
Outside Up Day with a successful test of the mid- April Low @ $1323 says Short- Term that a 'test' of the declining 50day SMA @ $1500 is now likely.
GOLD's problem has been that each & every time on this decline; the 50day has proved to be 'superb' Risk/ Reward location for the Shorts &/or Tactical Longs as an Exit Point.
Same again this time?