Rising gold - 18 April 2011

Gold price did a big retracement last week before breaking higher. Gold price may seems exhausted but I am certain that the price will continue to escalate this week.
However, there maybe a pull back to 1470 before climbing higher.

Therefore, good to hunt for long entry if gold price fall to 1470 and I still hold on to the view that market will still go for 1500.

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