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Monday, 4 June 2012

2012.06.04 05:01:14 GOLD (Spot) intraday: the bias remains bullish.

GOLD (Spot) intraday: the bias remains bullish. Update on supports and resistances. Pivot: 1598.00 Our Preference: LONG positions above 1598 with targets @ 1643 & 1670. Alternative scenario: The downside penetration of 1598 will call for 1583 & 1572. Comment: the immediate trend remains up and the momentum is strong. Trend: ST Consolidation; MT Range Key levels Comment 1680** Intraday resistance 1670** Intraday resistance 1643** Intraday resistance 1617.18 Last 1598** Intraday pivot point 1583** Intraday support 1572** Intraday support Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011

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