Showing posts with label gold february 2011. Show all posts
Showing posts with label gold february 2011. Show all posts

Thursday, February 10, 2011

Gold Price | Technical Analysis | 10 February 2011

Gold Price | Technical Analysis | 10 February 2011

The gold came to test the upper limit of its bullish channel and fell. A return on the intermediate support of this one at 1352 is feasible in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1352 with a 1st objective of 1367, then 1372. A break in 1350 would invalidate this scenario.


by Albert Fitoussi, Analytical expert - InstaForex © 2007-2011

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Thursday, February 3, 2011

Gold Price | Technical Analysis | 3 February 2011

Gold Price | Technical Analysis | 3 February 2011

Gold 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

more Gold Technical Analysis