Monday, November 14, 2011

GOLD Intraday Technical analysis 2011-11-14

The gold approaches to the upper limit of its medium-term bearish channel in 1795 suggesting a decline. However a break of these levels would free significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1795 with a 1st objective of 1805, then 1808. A break in 1793 would invalidate this scenario.

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