Monday, August 27, 2012

GOLD

Trade Idea GOLD (Spot) intraday: further upside.

Pivot: 1662.00
Our Preference: LONG positions above 1662 with 1674 & 1679 as next targets.
Alternative scenario: The downside breakout of 1662 will open the way to 1656 & 1646.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


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. Visit Us www.deryworldscorp.web.id

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