Thursday, 12 April 2012

JUN GOLD


Resist: 1666.20*-1669.70, 1689.80+ 
Supprt: 1650.60, 1644.60, 1632.70
Comment: The market is overall bearish, but Tuesday’s outside bull day hints for corrections into today. A close over 1666.20* signals a reversal that could spark a retracement up to 1689.80-1699.50. If trade struggles to extend rallies over 1666.20*, then be ready for a slide under 1650.20-, but a drop under Tuesday’s low is needed to rekindle bear forces and release selloffs to attack under last week’s low, reaching for the 1600.20 target.


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