Thursday, June 13, 2013, GOLD Technical Analysis; Now GOLD Rate: - TopicsExpress

Thursday, June 13, 2013, GOLD Technical Analysis; Now GOLD Rate: 1381.00 GOLD (Spot) intraday: bullish bias above 1365 Pivot: 1365.00 Our preference: LONG positions above 1365 with targets @ 1402 & 1423. Alternative scenario: The downside penetration of 1365 will call for a slide towards 1354 & 1338. Comment: a support base at 1365 has formed and has allowed for a temporary stabilisation. Trend: ST Bearish; MT Bearish Key levels Comment 1445** Intraday resistance 1423** Intraday resistance 1402** Fib retracement (61.8%) 1386.05 Last 1365** Intraday pivot point 1354** Intraday support 1338** Intraday support

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