Friday, July 13, 2012

Gold , Jul 13-2012


Trade Idea GOLD (Spot) intraday: further upside.

Pivot: 1554.00
Our Preference: LONG positions above 1554 with targets @ 1582 & 1598.
Alternative scenario: The downside breakout of 1554 will open the way to 1547 & 1530.
Comment: the RSI broke above a bearish trend line.


Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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