Isnin, 17 Ogos 2009

Kemana Pergerakan Emas Seterusnya (17082009)

GOLD (Spot) intraday: Under pressure

Pivot: 950.90

Our Preference: SHORT positions @ 948 with targets @ 940 & 935.

Alternative scenario: The upside penetration of 950.9 will call for a rebound towards 960.4 & 972.

Comment: the false breakout of 950.9 is a negative signal that has opened a path to 930.

Trend: ST Ltd downside; MT Bullish

Key levels Comment

972** Intraday resistance
960.4** Intraday resistance
950.9** Intraday pivot point
942 Last
940*** Intraday support
935** Intraday support
930*** Intraday support

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