Gold on 1230.02 today 12.09.2013 opened higher than yesterday's opening day of the previous week Friday at a price of 1224.95 and sideway still occur in GOLD. Technically using fibonaci price now 1229.66 and above the price wanted to try to break in to the bullish price of 1235.99 and if the price can be breached then the next price will lead to the movement of the price range 1243.71 1251.43 - 1274.58 but if the price is not able to penetrate in the price going back down to the pivot at 1228.28 price even with the movement of the price range 1220.56 1212.84 - 1181.97
Recommendations for open positions:
BUY STOP 1235.90
STOP SELL 1220.50
For TP and SL please adjust with MM that you will be at risk
Use Trailing Stops to maximize profit
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