Thursday, October 13, 2011

Technical of 0ct14 afternoon


GOLD (Spot) intraday: 1692 in sight

Pivot: 1654.00
Our Preference: LONG positions above 1654 with 1692 & 1715 in sight.
Alternative scenario: The downside penetration of 1654 will call for a slide towards 1640 & 1630.
Comment: the price remains in a bullish channel.

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