Wednesday, June 12, 2013, GOLD Technical Analysis; Now GOLD Rate: - TopicsExpress

Wednesday, June 12, 2013, GOLD Technical Analysis; Now GOLD Rate: 1378.00 GOLD (Spot) intraday: key ST resistance at 1389 Pivot: 1389.00 Our preference: SHORT positions below 1389 with 1354 & 1338 in sight. Alternative scenario: The upside breakout of 1389 will open the way to 1402 & 1423. Comment: the bearish rectangle pattern calls for an extension of the downward track towards 1354. Trend: ST Bearish; MT Bearish Key levels Comment 1423** Intraday resistance 1402** Fib retracement (61.8%) 1389** Intraday pivot point 1376.65 Last 1354** Intraday support 1338** Intraday support 1322*** Intraday support

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