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09.12.201110:10 Forex Analysis & Reviews: GOLD Intraday Technical analysis

Long-term review
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Exchange Rates 09.12.2011 analysis
 

The gold is currently testing the intermediate support of its medium term bullish channel in 1701 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1635.

According to previous events, the market indicates a bullish opportunity on the levels of 1701 with a 1st objective of 1715, then 1720. A break in 1698 would invalidate this scenario.

 

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