GOLD Technical Analysis - 11/6/2013

The Gold (XAU/USD) made ​​a triple top on 1360 points before to start a bearish rally.
The price has stopped its movement on the support at 1310 points.
A quick pullback on 1320 points has been made yesterday but 1310 points is again tested this morning.

I would advise traders to trade only Shorts positions (sell) as far as the price is below 1320 points.
A break of 1310 points will provide a new sell signal for a return on 1300 points.

In case of return above 1320 points, i would then advise traders to wait for a breakout of 1330 points before to trade long positions (buy).

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