Gold Futures Trading Near Big Support Zone of 1600 an Ounce ~ forex trading courses in singapore
Lowest Settlement Price Since 15th August
Big bearish trades moves Gold Futures to near its big support zone. After the closing bell on Fridays trades its down sharply 3.4% for the week. Only the good positive sign is that the price managed to close above key support at $ 1600 an ounce. Actually the counter manage to settle at $ 1609.50 an ounce on the Comex division of the New York Mercantile Exchange.
Fridays ( 15th February,2013) was the lowest settlement price for a most active contract since 15th August. 
Long Above $ 1600 for Target of $ 1650, $ 1680, $ 1695
Sell Below $ 1600 for target of $ 1570, $ 1550
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