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Tuesday, 19 June 2012

2012.06.19 13:53:06 GOLD (Spot) intraday: the bias remains bullish.

GOLD (Spot) intraday: the bias remains bullish.

Update on supports and resistances.
Pivot: 1621.00

Our Preference: LONG positions above 1621 with 1633 & 1640 as next targets.

Alternative scenario: The downside penetration of 1621 will call for
1613 & 1603.

Comment: the RSI calls for a new upleg.

Trend: ST Bullish; MT Range

Key levels Comment

1647** Intraday resistance
1640** Intraday resistance
1633** Intraday resistance
1630.62 Last
1621** Intraday pivot point
1613** Intraday support
1603** Fib retracement (50%)
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Time Candlestick Last Opinion Invalidation
18.06.2012 23:10 Hammer 1628.07 Up 1606.72

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