Friday, 3 February 2012

APR GOLD

Resist: 1766.60, 1790.40-1804.00
Supprt: 1740.80, 1722.50-1719.00
Comment: Trade is lined up for continuation rallies, but demand a close over 1766.60 to fuel direct rallies to 1790.40-1804.00. Be on guard for rallies to stall and setback from 1766.60 for a few flagging corrective days. A quick slide under 1718.60 warns for near term corrections, but only a close under 1695.50* will reverse trade to test support back around 1668.50*.

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