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Thursday, 16 August 2012

2012.08.16 11:12:46 GOLD (Spot) intraday: bounce.

GOLD (Spot) intraday: bounce.

Update on supports and resistances.
Pivot: 1590.00

Our Preference: LONG positions above 1590 with targets @ 1608 & 1618.

Alternative scenario: The downside penetration of 1590 will call for
1584 & 1575.

Comment: a support base at 1590 has formed and has allowed for a
temporary stabilisation.

Trend: ST Range; MT Range

Key levels Comment

1625** Intraday resistance
1618** Intraday resistance
1608** Intraday resistance
1604.82 Last
1590** Intraday pivot point
1584** Intraday support
1575** Intraday support


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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

15.08.2012 02:17 Down Down

Time Candlestick Last Opinion Invalidation
16.08.2012 01:40 Harami 1603.7 1592.52
14.08.2012 02:55 Bearish engulfing 1609.35 Down 1622.1

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