Thursday, November 3, 2011

Gold technical of Nov3 afternoon


GOLD (Spot) intraday: further upside.

Pivot: 1720.00
Our Preference: LONG positions above 1720 with 1752 & 1792 in sight.
Alternative scenario: The downside breakout of 1720 will open the way to 1706 & 1692.
Comment: the immediate trend remains up and the momentum is strong.

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