Monday, October 24, 2011

GOLD Intraday Technical analysis 2011-10-24

Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1648 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1702.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1648 with a 1st objective of 1660, then 1665. A break in 1645 would invalidate this scenario.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...