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
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