Gold and Crude Oil Forecast 20 December 2010

Gold and Crude Oil Forecast 20 December 2010 My last week forecast was in line as again the selling occurred @$1379 and breaking down to $1364 then again go up to close @$1375. Still Eurozone and buying from Asia is putting Gold up again. Although at this time of the year we need to remove all positions and start new one after new year. Today my selling is @$1383 with stop loss of $1387 and buying occurs @ $1365 beyond this we need to see gold @$1350 before end of this week which would be last trading day before Christmas. I am still bearish for the gold for the week and the end of year. Crude oil also following Gold and against US dollar. It retreat back to $88.50 my selling price and then go again towards $87 which was my buying price. Today we need to see that crude should not break $89 barrier. Our selling price for today is $89 with stop loss of only 50 cents and buying price is again $87. I am again bearish for the week. Syed Arif