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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 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011

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