Tuesday, April 14, 2009
Daily Review for GC
As for GC, wonderful day today for it. I had called during mid day that a break of 1.7 was imminent and thats what happened. Attached is the chart. Myself and my signal takers took 4 trades on this today right from 1.69 taking profits all along the way. We kept buying on dips and all 4 trades ended in sizeable profit. The 1 H pin bar off resistance at 1.7059 suggested a drop. The fact that the pin bar was with low volume was further proof that there was no interest in higher prices and this suggested a drop. No shorts taken yet as i am yet to be convinced that the bullish trend has changed. Also, have made enough profits on this today. So staying aside for now.
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