Friday, October 21, 2011

GOLD Intraday Technical analysis 2011-10-21

Gold is currently testing the lower limit of its medium term bullish channel in 1604 suggesting a rebound. However a break of these levels would initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1604 with a 1st objective of 1627, then 1632. A break in 1601 would invalidate this scenario.

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