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Friday, January 6, 2012

GOLD Intraday Technical Analysis 2012-01-06


Gold is currently testing the upper limit of its medium term bearish channel at 1,629 and seems to start declining. However, a break through these levels will free up significant potential and initiate a bullish trend.
According to previous events, the market will indicate a bullish opportunity as soon as gold price has broken its resistance at 1,629 with the 1st objective of 1,640, then of 1,645. A break of 1,627 will invalidate this scenario.
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2 comments:

  1. Some time ago I left to prove robots an another strategies on my account, now I need a good trader responsible to give me a regular return on my account and do not use robots. Can you help me?Thanks!

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  2. The issue with the almost traders is that all are IB of any broker and they can eat up your account with commissions. A good trader (you pay them when they win) are Robert Alexander and Adrian Shiroma latter is Japanese but speech is english. Please look for Adrian Shiroma in google.

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