Saturday, May 28, 2011

GOLD‏ (Spot) intraday: further advance 5/27/2011

Gold5/27/2011 9:43 AM

1 week Trend:  (=)  1 month Trend:  (=)


 GOLD‏ (Spot) intraday: further advance.
 Pivot: 1523.00

Our Preference: LONG positions @ 1530 with 1540 & 1550 in sight.

Alternative scenario: The downside penetration of 1523 will call for 1514 & 1509.

Comment: the RSI has just broken above a declining trend line.

Trend: ST Range; MT Ltd upside

Key levels Comment

1565** Intraday resistance
1550** Intraday resistance
1540** Intraday resistance
1533 Last
1523** Intraday pivot point
1514** Intraday support
1509** Intraday support



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