Gold Spot

Gold Spot

STRATEGY REVISED BUY AT 1612.00 FOR 1662.80 STOP AT (1585.00) M. A. 9D 1588.57 18D 1599.22 30D 1594.69 9 DAY RSI 58.35 (60.30) MAJOR HIGH 1920.30 6Sep11 MAJOR LOW 251.70 25Aug99 4 Jul HI 1619.60 LO 1613.00 CL 1615.00 MAJOR TREND RESISTANCE 1671.20 Strong (1 May high) 1662.80 Fair (2 May high) 1653.25 Fair (3 May high) 1642.40 Strong (7 May/6 Jun highs, 1642.4/40.5) 1633.20 Strong (15 Jun high) 1618.50 (Update Price) 1594.60 Fair (3 Jul low) (1585.00) Fair (2 Jul low - 1586.85) 1567.30 Fair (29 Jun i-day low) 1550.55 Strong (29 Jun low) SUPPORT 1547.25 Strong (28 Jun low)

UPDATED LDN 5 Jul 08.22GMT TEL 020 7017 5463 Gold Spot Rebounded from last week's 1547.25 low, marking a higher base. Scope for a re-test of the 1633.20/1640.50 area, over which is required to confirm a 2-month base and trigger an extension higher. Under 1586.85 delays.