Wednesday, October 12, 2011

Technical of gold oct 12 evening


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1675.00
Our Preference: LONG positions above 1675 with 1700 & 1705 in sight.
Alternative scenario: The downside penetration of 1675 will call for 1660 & 1655.
Comment: the price remains in a bullish channel.

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