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O'Hare: Greece and Gold - why I'm setting shorts

Steve O'Hare is setting shorts in Gold based on his assessment that the market will move lower in coming weeks.


Steve says: "Despite the turbulence in financial markets, as a result of the Greek issues, Gold has not rallied in line with its usual safe haven status.  Rallies continue to be sold into and prices have trended lower and and currently target the upward trending support line based from November, March and June lows."

Steve is setting shorts at current levels 

In the event of a break below 1150:
Targets: USD 1131 (2014 low) & 1100 (bottom of the wedge)

Stop: USD 1205

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01:26 minutes
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