Gold: Short Term turns Bullish PDF Print E-mail
Written by King Of Gold
Monday, 02 June 2008 09:21 am GMT
* Technical Analysis:
According to revised Elliott Wave count there are expectations for a huge rally to 900 above. Look for uptrend to resume. Wave 3 rally will begin soon
* Strategy:
1. Long at 889~891
2. Stops < 880
3. Target 898.50 and 909(above)
4. Use trail stops to extract maximum profit.
* Trail Stops:
1. Move stops to 887 on break above 893
2. Move stops to 890 on break above 895
3. Move stops to 894 on break above 900
4. Move stops to 900 on break above 905
5. Move stops to 905 on break above 909