Friday, November 4, 2011

Gold technical of Nov


GOLD (Spot) intraday: further upside.

Pivot: 1738.00
Our Preference: LONG positions above 1738 with targets @ 1792 & 1813.
Alternative scenario: The downside penetration of 1738 will call for 1721 & 1706.
Comment: the break above 1738 is a positive signal that has opened a path to 1792.

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