Thursday, August 25, 2011

GOLD Intraday Technical Analysis - August 25, 2011

Gold is currently testing the lower limit of its short-term bearish channel in 1730 and seems to start a rebound. However a break of these levels would initiate a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1730 with a 1st objective of 1744, then 1749. A break in 1727 would invalidate this scenario.

Performed by Albert Fitoussi, Analytical expert

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