November 14, 2011 (Mon)
- Gold closed down 0.6%.
- ADX/DMI still showing weak trending condition; DMIs are weakly bullish.
- CCI Indicator is showing increasing weakness out of the overbought zone.
- PPO Indicator still shows a quick-term sell signal, and upside momentum is showing signs of weakening.
- Resistance is still at 1800.
- Support is at 1850, and then at the rising 20-day EMA at around 1742.
- Trade for Tuesday: possibly a short trade due to weakening momentum and sell signals currently on the intraday chart; any trades executed will be posted within the hour.
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