In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea
In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict ...
gold has hit the trend line finding support for the third time will this support end the downtrend
here is my outlook for gold
there is good support by the trend-line and as well as 50% fibo (1210.07)
on the uptrend targets 1249.25 and 1275.06
alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets ...