GOLD (Spot) intraday: further advance.

Update on supports and resistances. ( 30/04/2012 11:01 )         

Pivot: 1651.00
Our Preference: LONG positions above 1651 with 1675 & 1683 as next targets.
Alternative scenario: The downside breakout of 1651 will open the way to 1639 & 1632.
Comment: the RSI is bullish and calls for further advance.
Trend: ST Consolidation; MT Bullish
Key levels Comment
1685** Intraday resistance
1683** Intraday resistance
1675** Intraday resistance
1663.58 Last
1651*** Intraday pivot point
1639* Intraday support