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Friday, May 6, 2011

GOLD Intraday Technical analysis 2011-05-06

Gold approaching the lower limit of its medium-term bullish channel to 1462 suggesting a rebound. However a break of these levels would initiate a bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1462 with a 1st objective of 1485, then 1490. A break in 1459 would invalidate this scenario.

http://instaforex.com/forex_analysis/28121/?x=OUE  

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