Friday, October 21, 2011

Technical of oct21


GOLD (Spot) intraday: up turn.

Pivot: 1618.00
Our Preference: LONG positions above 1618 with 1642.5 & 1650 in sight.
Alternative scenario: The downside penetration of 1618 will call for 1605 & 1595.
Comment: the RSI is supported by a rising trend line.

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