Monday 21 March 2011

Gold Update

Gold has gapped up and rallied through the 1423 level over the weekend, so the setup is no longer valid. The level remains a very significant one- if we get a strong rally here and then trade back into the level in a few weeks time it will be a great buy on the retest.

I will keep you updated on this one. The usd.jpy trade is still in play, let's see if that triggers.

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