Tuesday, November 20, 2012

GOLD‏ (Spot) intraday: bullish bias above 1727.3


Pivot: 1727.30
Our preference: LONG positions above 1727.3 with 1738 & 1749 as next targets.
Alternative scenario: The downside penetration of 1727.3 will call for 1720 & 1711.
Comment: the RSI is mixed with a bullish bias.


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