GOLD SELL $1,579.07 – July 18, 2012

GOLD SELL $1,579.07 – July 18, 2012

A Sell Signal for GOLD was issued at $1,579.07 on July 18 with the emergence of a 4 Hour Moving Average Crossover at the Macro Level of $1,608.13 implying the potential of a new downswing.

Target 1 was $1,567.00 / Target 2 was $1,551.55 / Target 3 was $1,492.55

gold-sell-18072012-entry

gold-sell-18072012-entry

Gold fell quickly and easily hit Target 1 at $1,567.00

gold-sell-18072012-target1

gold-sell-18072012-target1

Although the trade passed the 1st target, the trade generated 1,207 Pips (ie: a movement of $12.07 in the Gold price), making it another successful trade using Traders Elite Gold Signals.

This post is a summary of a trade Traders Elite issued and is for educational purposes only.

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