GOLD (Spot) intraday: further advance.
26-May-11
07:40
Pivot: 1521.00
Our Preference: LONG positions above 1521 with 1535 & 1540 as next targets.
Alternative scenario: The downside breakout of 1521 will open the way to 1516 & 1504.
Comment: the upward breakout of 1527 is a positive signal that has opened a path to 1540.
Trend: ST Range; MT Ltd upside
Key levels Comment
1550** Intraday resistance
1540** Intraday resistance
1535* Intraday resistance
1529 Last
1521** Intraday pivot point
1516** Intraday support
1504** Intraday support
Ticker: GOLDS
