Thursday, November 22, 2012

GOLD‏ (Spot) intraday: bullish bias above 1722


Pivot: 1722.00
Our preference: LONG positions above 1722 with 1735 & 1743 in sight.
Alternative scenario: The downside breakout of 1722 will open the way to 1718 & 1711.
Comment: the RSI is bullish and calls for further upside.


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