Precious Metals Futures Update
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FUTURES UPDATE
Gold and Silver followed Crude Oil and broke some important resistances capping prices since the beginning of the month respectively at $585 and $11.55 now resistances. We are looking to reinstate long positions and target $603 and $12.20 short term.
Trade Idea: Buy Gold at $594 to target $603 with a tight stop; otherwise we should retrace towards the $585/583 strong support.
posted by GoldTrade @ 3:27 AM
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