Tuesday, October 25, 2011

Technical of oct25 afternoon


GOLD (Spot) intraday: bullish bias above 1644

Pivot: 1644.00
Our Preference: LONG positions above 1644 with 1660 & 1665 as next targets.
Alternative scenario: The downside penetration of 1644 will call for a slide towards 1633 & 1625.
Comment: the RSI is supported by a bullish trend line.

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