GOLD SELL $1,604.88 – July 5, 2012

GOLD SELL $1,604.88 – July 5, 2012

A Sell Signal for GOLD was issued at $1,604.88 on July 5 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 $1,595.55 / Target 2 was $1,582 / Target 3 was $1,535.65

gold-06072012-sell-entry

gold-06072012-sell-entry

 

After hitting Target 1, Gold fell quickly and easily hit Target 1 at $1,595.55

gold-06072012-sell-target1

gold-06072012-sell-target1

 

Gold continued to experience big falls past Target 2 at $1,582

gold-06072012-sell-target2

gold-06072012-sell-target2

The trade generated 2,288 Pips (ie: a movement of $22.88 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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