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GOLD (SPOT) INTRADAY: BULLISH BIAS ABOVE 1655
2012-01-20 11:02:10

 

GOLD (SPOT) INTRADAY: BULLISH BIAS ABOVE 1655
Pivot: 1655.00

Most Likely Scenario: LONG positions above 1655 with 1670 & 1680 in sight.

Alternative scenario: The downside penetration of 1655 will call for a slide towards 1648 & 1639.

Comment: the price is challenging a significant resistance area around 1670. A break above 1670 would be key signal for further gains.
 

 



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The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.
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