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Tuesday, December 13, 2011

GOLD Intraday Technical analysis 2011-12-13


Technical analysis

Albert Fitoussi




the gold is currently testing the intermediate support of its medium term bullish channel in 1650 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1630.
According to previous events, the market indicates a bullish opportunity on the levels of 1650 with a 1st objective of 1660, then 1665. A break in 1648 would invalidate this scenario.
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