recently appeared on the Internet a lot of articles on the gold market. All these opinions indicate the weakness of gold, and the outflow of capital investors who no longer have to believe in growth. Bloomberg on its website published an article in which billionaire investor George Soros speaks quite negatively and warns against possible fall in prices.
link: http://www.bloomberg.com/news/2013-05-16/soros-leads-gold-stake-cuts-before-bear-market-drop.html
However, the daily chart on the futures contract in the gold market can observe an increase in volume. It was generated in April and at the same time showed a small candle.
publishing negative information is to force investors to build the demand against the intentions of investors who create the market and affect the price.
I believe that the decrease in prices in the area from 1350 -40 dollars per ounce can risk a long position with a stop loss high. Additional please find below my technical analysis of the gold.
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