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Khamis, 16 Februari 2012

Analysis Gold - 17 Feb 0752

GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 17/02/2012 07:52 )

Pivot: 1716.00

Our Preference: LONG positions above 1716 with 1737 & 1742 as next targets.

Alternative scenario: The downside penetration of 1716 will call for a slide towards 1705 & 1692.

Comment: the RSI advocates for further advance.

Trend: ST Bullish; MT Bullish

Key levels Comment

1752* Horizontal resistance
1742** Intraday resistance
1737* Intraday resistance

1732 Last

1716*** Intraday pivot point
1705** Fib retracement (50%)
1692** Fib retracement (61.8%)


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