Is gold correcting for the week? - 25 Apr 2011

Last week, gold came down to 1477 before turning up to 1509.

This week, I reckon market will do a correction down to 1487 or 2nd target at 1476 regions again before market move higher.
Therefore, good to look for short at the beginning of the week when gold price breaks 1500 with $5 stop loss. Target exit is as mentioned above.

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