Wednesday, May 20, 2009

Gold trading 20th of May



         My short gold around 925 level at my post yesterday.It was hard to sleep last night when gold went higher 925 level.The first drop to 920 level so I hope that market breakdown 919level to see a bigmove,but unlucky night when Gold rebound up all the way. So I moved my stoploss higher 934 level,prepare the heart pain for this short position,still holding no choice.I'm waitting to see the market testing 3tops 932-933 level.

         I tried to analyse the gold chart again at midnight then posted this commentary,my view for gold still trade in range from 903-936 level from 20th of May till 3th of Jun.Gold will got more clear trend when it moves out of this range.

        Please put stoploss with your short position,you also accept a pain if your trade hit stoploss.The importance things is your accounts still survival

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