Wednesday, September 28, 2011

GOLD Intraday Technical analysis 28 /9 /2011

GOLD Intraday Technical analysis


Gold is currently testing the upper limit of its short-term bearish channel in 1647. A break of these levels would free up significant potential and reach the upper limit of its medium-term bullish channel to 1700.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1647 with a 1st objective of 1660, then 1665. A break in 1645 would invalidate this scenario.

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