Friday, November 4, 2011

TODAY GOLD LEVEL IN COMEX

                                                                                             Pivot: 1738.00

Our Preference: LONG positions above 1738 with targets @ 1792 & 1813.

Alternative scenario: The downside penetration of 1738 will call for 1721 & 1706.

Comment: the break above 1738 is a positive signal that has opened a path to 1792.

Trend: ST Ltd upside; MT Bullish


Key levels Comment

1850** Fib projection
1813** Fib projection
1792* Fib projection
1762 Last
1738*** Intraday pivot point
1721* Intraday support
1706* Intraday support







                 

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