Sunday, October 9, 2011

Technical 10 0ct afternoon


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1620.00
Our Preference: LONG positions above 1620 with 1680 & 1700 as next targets.
Alternative scenario: The downside penetration of 1620 will call for 1600 & 1555.
Comment: supported by a rising trend line.

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