Tuesday, September 20, 2011

Technical 20 sep evening


GOLD (Spot) intraday: bullish bias above 1770

Pivot: 1770.00
Our Preference: LONG positions above 1770 with 1805 & 1822 as next targets.
Alternative scenario: The downside penetration of 1770 will call for 1745 & 1700.
Comment: the RSI is bullish and calls for further upside.

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