Monday, September 26, 2011

sep27 afternoon strategy


GOLD (Spot) intraday: continuation of the rebound.

Pivot: 1612.00
Our Preference: LONG positions above 1612 with 1673 & 1690 as next targets.
Alternative scenario: The downside penetration of 1612 will call for a slide towards 1565 & 1530.
Comment: the price is shaping a V bottom, calling for an up turn.

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