I think Gold Market this week Potential to Down Trend. Be carefully to put new Position. Is better you Playing Save with the Daily Trend and Close it in the sort term - when you have a profit.
Last Position for Gold High is 1242.50 and Low is 1231.90
As we know that, this week all Trader waiting for NFP September 03, 2010
Pivot Point:
R2: 1247.10
R1: 1241.40
Pivot Point: 1236.70
S1: 1231.00
S2: 1226.30
S3: 1220.60
This week, if you have Position is better you used the Target Point (Prepare NFP - If you have Position)
My Prediction Gold Market for tomorrow (August 30, 2010) can going to S1 and/or S2 (Look at the Pivot Point) and The High Point is 1241.40 and More.
Good Luck and Take Care.
