You must have seen on the left column of this Blog, the SHORT trade In MCX gold. Now it precisely hit the 62% retracement level of the swing from Apr 19th to Jun 8, 2010. It has now shown the first symptom of the reversal. Now, it has gone to LONG mode. 
An “Emergency Stop” of 17500 can also be considered if anyone trades on this information.
However, international markets has not confirmed the uptrend on the Daily scale yet; but the first symptom. Those who would like to reduce risk may delay the entry, to a close above 18004 by Aug 05. Please read the declaimer below, as this is a free trading idea.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
