Gold Turning Direction

Thursday, August 19, 2010 at 11:00 PM
US stocks Opened down slightly on Thursday after first time Jobless Claims Rose in the latest week.
And we know about Gold Market touch the High Point 1237.57 and Low is 1227.86

Gold Chart in 30 minute it's going to down, Be carefully to put NEW Sell Position.

30 Minute Chart

Don't make greedy to put Position in Sell, because if we see in 1 Hours they start to Up again.

Hourly Chart

And if you see Gold Chart in Daily it's still Up Trend.

Daily Chart

Pivot Point:

R3: 1247.49
R2: 1242.53
R1: 1237.78
Pivot Point: 1232.82
S1: 1228.07
S2: 1223.11
S3: 1218.36

I closed my old Position and in Profit...Smile....:)

Good Luck and Take Care.