Monday, July 16, 2012

Gold Jul 16-2012


Trade Idea GOLD (Spot) intraday: bullish bias above 1578

Pivot: 1578.00
Our Preference: LONG positions above 1578 with targets @ 1598 & 1611.
Alternative scenario: The downside penetration of 1578 will call for a slide towards 1565 & 1554.
Comment: intraday support around 1578


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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