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Wednesday, December 28, 2011

GOLD Intraday Technical analysis 2011-12-28


Technical analysis

Albert Fitoussi




The gold approach to the lower limit of its medium term bearish channel in 1585 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1585 with a 1st objective of 1600, then 1605. A break in 1582 would invalidate this scenario.

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