GOLD (Spot) intraday: key ST resistance at 1622
Update on supports and resistances.
Pivot: 1622.00
Our Preference: SHORT positions below 1622 with 1594 & 1584 as next targets.
Alternative scenario: The upside breakout of 1622 will open the way to
1633 & 1640.
Comment: the upward potential is likely to be limited by the resistance at 1622.
Trend: ST Bullish; MT Range
Key levels Comment
1640** Intraday resistance
1633*** Intraday resistance
1622** Intraday pivot point
1613.68 Last
1594** Previous low
1584** Fib retracement (50%)
1571** Fib retracement (61.8%)
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Time Candlestick Last Opinion Invalidation
18.06.2012 23:10 Hammer 1628.07 Up 1606.72
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