02.05.201109:59 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review

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Gold broke the intermediate resistance of its medium term bullish channel at 1540 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.

According to previous events, the market indicates a bullish opportunity on the levels of 1540 with a 1st objective of 1560, then 1565. A break in 1537 would invalidate this scenario.

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