Monday, October 24, 2011

technical of oct 24


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1629.00
Our Preference: LONG positions above 1629 with targets @ 1648 & 1660.
Alternative scenario: The downside breakout of 1629 will open the way to 1611 & 1603.
Comment: the RSI is bullish and calls for further upside.

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