Monday, August 13, 2012

GOLD (Spot) intraday: 1630 in sight

Update on supports and resistances. ( 13/08/2012 13:45 )         

GOLD (Spot) intraday: 1630 in sightPivot: 1618.00
Our Preference: LONG positions above 1618 with 1630 & 1635 in sight.
Alternative scenario: The downside breakout of 1618 will open the way to 1613 & 1605.
Comment: the break above 1618 is a positive signal that has opened a path to 1630.
Trend: ST Range; MT Range
Key levels Comment
1640** Intraday resistance
1635* Intraday resistance
1630*** Intraday resistance
1623 Last
1618** Intraday pivot point
1613** Intraday support
1605** Intraday support
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