Tuesday, August 13, 2013

GOLD PRICE ACTION: Inside Bar Trade Setup. August 13, 2013.

Gold has failed in its bid to breakout long, closing below its Psychological level of 1325. I had indicated that the bias could only change from bearish to bullish if price were able to close above breakout line. It didnt manage to do that. The Inside Setup we now have is a good indication for the the bears to fall back in and probably send prices lower back into its demand zone.

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