Wednesday, October 12, 2011

Technical of oct 13 afternoon


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1655.00
Our Preference: LONG positions above 1655 with targets @ 1692 & 1715.
Alternative scenario: The downside breakout of 1655 will open the way to 1640 & 1630.
Comment: the price remains in a bullish channel.

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