Friday, December 2, 2011

GOLD Intraday Technical analysis 2011-12-02

Gold broke the intermediate resistance of its medium term  bearish channel in 1721 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 1721 with a 1st objective of 1735, then 1740. A break in 1718 would invalidate this scenario.

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