LEONES

Feb GOLD Long

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COMEX:GCG2013   Gold Futures (Feb 2013)
2
Price is moving in downward channel since last October. I'm bullish at this point and I would enter long above today high (1662) with a short term target objective at the next resistance (1695). Risk/reward ratio of 2.64 is not bad. Any significant pullback at the upper line of the channel I would exit. In the long term we could retest the 1758 resistance (?) Feedback Thank you.

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