Gold Price | Technical Analysis | 3 February 2011Gold is currently testing the upper limit of its short term bearish channel at 1335. A break of these levels would reach the upper limit of its medium-term bearish channel at 1344.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1335 with a 1st objective of 1344, then 1347. A break in 1333 would invalidate this scenario.by Albert Fitoussi, Analytical expert - InstaForex © 2007-2011
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