Monday, October 3, 2011

GOLD Intraday Technical analysis 2011-10-03

Gold is currently testing the intermediate support of its medium-term bullish channel in 1625 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1610.
According to previous events, the market indicates a bullish opportunity on the levels of 1625 with a 1st objective of 1637, then 1640. A break in 1623 would invalidate this scenario.

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