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Selasa, 21 Februari 2012

Analysis Gold - 21 Feb 1137

 GOLD (Spot) intraday: further advance.
Update on supports and resistances. ( 21/02/2012 11:37 )

Pivot: 1730.00

Our Preference: LONG positions above 1730 with 1743 & 1752 in sight.

Alternative scenario: The downside penetration of 1730 will call for a slide towards 1716 & 1705.

Comment: a bullish triangle is confirmed, further upside more likely.

Trend: ST Bullish; MT Bullish

Key levels Comment

1762** Intraday resistance
1752* Intraday resistance
1743* Intraday resistance

1737.78 Last

1730** Intraday pivot point
1716** Intraday support
1705** Fib retracement (50%)


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