Tuesday, October 11, 2011

Technical of 110ct afternoon


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1655.00
Our Preference: LONG positions above 1655 with 1700 & 1720 as next targets.
Alternative scenario: The downside penetration of 1655 will call for 1630 & 1600.
Comment: intraday support around 1655

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