Analisa / Gold Signal ( 02/07/2012 11:02 )

Update on supports and resistances.       

Pivot: 1607.00
Our Preference: SHORT positions below 1607 with targets @ 1580 & 1574.
Alternative scenario: The upside penetration of 1607 will call for 1614 & 1621.
Comment: as long as 1607 is resistance, look for choppy price action with a bearish bias.
Trend: ST Range; MT Range
Key levels Comment
1621*** Declining trendline
1614** Intraday resistance
1607** Intraday pivot point
1594.77 Last
1580** Intraday support
1574** Intraday support
1562** Intraday support