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Thursday, September 22, 2011

GOLD Intraday Technical analysis 2011-09-22




Albert Fitoussi
Technical analysis





Gold is currently testing the intermediate support of its medium term bearish channel in 1767 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1739.
According to previous events, the market indicates a bullish opportunity on the levels of 1767 with a 1st objective of 1778, then 1782. A break in 1765 would invalidate this scenario.

http://instaforex.com/forex_analysis/39318/?x=OUE

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