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

Gold	5/27/2011 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

GOLD‏ (Spot) intraday: under pressure

Pivot: 1531.00

Our Preference: SHORT positions below 1531 with targets @ 1509 & 1504.

Alternative scenario: The upside penetration of 1531 will call for a rebound towards 1540 & 1550.

Comment: key moving averages are turning down, therefore further consolidation seems likely.

Trend: ST Range; MT Ltd upside

Key levels Comment

1550** Intraday resistance
1540** Intraday resistance
1531* Intraday resistance
1518 Last
1509** Intraday pivot point
1504** Intraday support
1490** Intraday support