Monday, June 10, 2013, GOLD Technical Analysis; Now GOLD Rate: - TopicsExpress

Monday, June 10, 2013, GOLD Technical Analysis; Now GOLD Rate: 1385.00 GOLD (Spot) intraday: the downside prevails. Pivot: 1406.00 Our preference: SHORT positions below 1406 with 1374 & 1354 in sight. Alternative scenario: The upside penetration of 1406 will call for a rebound towards 1423 & 1445. Comment: gold prices have broken below the channel support. The 50 moving average is heading down. The downside prevails, as long as 1406 is resistance. Trend: ST Bearish; MT Bearish Key levels Comment 1445** Intraday resistance 1423** Intraday resistance 1406** Intraday pivot point 1381 Last 1374** Intraday support 1354** Intraday support 1338** Intraday support

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