Gold Analysis # Selling is safer than buying

Technically gold is in downward mood. Below 1370 Gold can test 1330-1300. On the Upper side gold is struggling to break up 1430-1435 Zone. If break up First Target will be 1455.

My Trading Strategy for 12/13/2010

NDex Copper | (Consider the market response as china has released most important datas. SL & TP are important for every trade)

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Sell Limit: 680
SL: 686
Taking Profit:
First Target: 672
Second Target: 665
Third Target: 660
Happy Trading

My Today's Trading [Day Trading] Strategy

Sell Call: Copper # NDex
Sell Limit: 666.5
SL above: 673
TP: 655.4
(Ndex Trading) Click on Image for details

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Initial Jobless Claims drop to 421,000

Positive data from US

Initial Jobless Claims 421,000, 17000 lower than previous week

Support for Crude Oil, Copper

Sell Copper around $4.15-4.25

Sell Copper around $4.15-4.25
SL above: $4.30
Target: $3.75-3.60
(SL is must in every trade. Consider to Interest rate of People's bank of China too.)

Sell Gold around 1400-1430

Sell Gold around  $1400-1430
SL: $1450
Target: $1350-1300