Wednesday, October 31, 2012

GOLD‏ (Spot) intraday: rebound expected.


Pivot: 1708.00
Our preference: LONG  positions @ 1709 with 1730 & 1735 as next targets.
Alternative scenario: The downside penetration of 1708 will call for a slide towards 1698 & 1687.
Comment: the RSI broke above a declining trend line.


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