[acetraderfx]

WEEKLY SPOT GOLD OUTLOOK - 1598.00

18 Mar 2013 05:37GMT

Although gold's breach of last Wed's high at 1599.10 to 1608.50 signals erratic rise fm 1561.90
remains in progress, as broad outlook remains consolidative, reckon sharp rise abv said lvl is not
likely n price shud hold well below res at 1620.00 n bring subsequent retreat.

Buy on dips for gain to 1615.00 or sell if price rises to there 1st for retreat to 1585.00 but reckon sup at 1577.60 shud contain downside.


STRATEGY : 1. Buy at 1585.00 or 2. Sell at 1615.00

OBJECTIVE : 1) 1615.00 or 2) 1585.00

STOP-LOSS : $8

RES : 1608.50/1620.00/1626.40

SUP : 1577.60/1561.90/1555.20