Sunday, July 10, 2011

gold strategy of june11

GOLD (Spot) intraday: further advance.

Pivot: 1538.00
Our Preference: LONG positions @ 1545 with targets @ 1549 & 1558.
Alternative scenario: The downside breakout of 1538 will open the way to 1532 & 1525.
Comment: a continuation pattern is confirmed and advocates for further upside.

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