Wednesday, November 30, 2011

GOLD Intraday Technical analysis 2011-11-30

Gold broke the intermediate resistance of its medium-term bearish channel in 1715 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1715 with a 1st objective of 1725, then 1730. A break in 1713 would invalidate this scenario.

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