Update On Supports And Resistances. (22/02/2013 Friday)
Our preference: LONG positions above 1570 with targets 1588 & 1598 as next targets.
Alternative scenario: The downside breakout of 1570 will open the way to 1562 & 1552.
Gold Adviser opinion: gold prices are losing momentum. The goldadviser is posting a bullish divergence (not confirmed yet). A recovery seems more likely.
Trend: Weekly trend in bearish and monthly trend Down
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