Monday, 28 May 2012
2012.05.28 04:54:57 GOLD (Spot) intraday: the bias remains bullish.
GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances.
Pivot: 1561.00
Our Preference: LONG positions above 1561 with 1585 & 1590 in sight.
Alternative scenario: The downside breakout of 1561 will open the way to 1551 & 1545.
Comment: the RSI is supported by a bullish trend line.
Trend: ST Consolidation; MT Bullish
Key levels Comment
1599** Intraday resistance
1590** Intraday resistance
1585** Intraday resistance
1575.34 Last
1561** Intraday pivot point
1551*** Horizontal support
1545** Horizontal support
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