Forex | Forex | Trading Gold Analysis (17/08/2009 12:33:11)

Trading Gold Analysis

Equity market falls on the back of profit taking and doubts that the recent rally is not based on solid foundations sent many traders and investors back into the US Dollar resulting in gold trading posting a dramatic reversal of fortunes ending the gold trading session on a wide spread down bar giving us a very strong bearish engulfing signal.   This has duly been validated in this morning's trading where gold trading prices have continued to tumble with spot gold currently trading


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