Gold is approaching the upper limit of its medium-term bearish channel to 1339. A break of these levels would free up significant potential and begin an upward trend.
Wednesday, January 26, 2011
Gold Price | Technical Analysis | 26 January 2011
Gold Price | Technical Analysis | 26 January 2011
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1339 with a 1st objective of 1350, then 1354. A break in 1337 would invalidate this scenario.
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