Tuesday, October 11, 2011

Technicalof oct 12 afternoon


GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1650.00
Our Preference: LONG positions above 1650 with 1685 & 1700 as next targets.
Alternative scenario: The downside penetration of 1650 will call for 1630 & 1600.
Comment: the price remains in a bullish channel.

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