Tuesday, November 15, 2011

GOLD Intraday Technical analysis 2011-11-15

Gold is currently testing the intermediate support of its medium-term bearish channel in 1765 suggesting a rebound . However a break of these levels would entail a return to the lower limit of its channel to 1731.
According to previous events, the market indicates a bullish opportunity on the levels of 1765 with a 1st objective of 1775, then 1782. A break in 1763 would invalidate this scenario.

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