Gold Trading Strategy 08-29-2013

Gold is revised down match what is expected of me.
Today there are 2 important fundamental news affecting prices.
That's news index GDP and Unemployment Claims.
Both basic information are expected good for the health dollar.
So, I think today's gold prices will continue downward adjustment.
Trading Strategy :
Sell limit      : 1418
Stoploss     : 1424
Take Profit : 1396
Price at time of writting : 1407 usd/oz
Hope luck ! :)

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Gold Trading Strategy 08/27/2013

Gold appeared bearish divergence signal at chart H4.

Gold's upward momentum seems to have weakened.

Gold can be found landmark adjusted in the price 1416-1425.

Sell limit   : 1416-1425

Stoploss     : 1430

Take Profit  : 1400

Hope luck !

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Gold Trading Strategy 08/23/2013

Although Filing Report  Jobless worse than expected in the week up to 336,000 from the previous week's 320,000 . However, a separate report from the Labor Department, the average number of applications for unemployment benefits 4-week average to date  08/17/2013 was 320,000, is so good and the lowest since 2007.
This suggests that the labor market is improving .The 4-week average will reflect the overall picture rather than the data each week.
Another report showed U.S. house prices rose 7.6% in the 07 months compared with 6% of 06 months .Thus, the housing market is also positive developments.
Why gold price not reduced ?
Bloomberg explained by investors closing contract status for short sales their first month , While the gold price broke milestones 1300 but went up strong.
Strategy :
Sell Stop         : 1370
Stop loss         : 1378
Take Profit 1   : 1360
Take Profit 2   : 1350

Price at time of writing :  1376 USD/oz

Hope luck ! :)

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