Friday, July 20, 2012

Gold Jul 20-2012

Trade Idea GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1576.00
Our Preference: LONG positions above 1576 with targets @ 1590 & 1594.
Alternative scenario: The downside penetration of 1576 will call for a slide towards 1571 & 1565.
Comment: the RSI is bullish and calls for further upside.

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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