Tuesday, July 17, 2012

Gold Jul 17-2012


Trade Idea GOLD (Spot) intraday: further advance.

Pivot: 1587.00
Our Preference: LONG positions above 1587 with 1598 & 1606 as next targets.
Alternative scenario: The downside penetration of 1587 will call for 1578 & 1565.
Comment: the RSI is above its neutrality area at 50%.


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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