Gold (spot) MT: Testing its 20DMA

[StyleSignals]

Wednesday, 14 November 2007

Gold: 1 week Trend: UP, 1 month Trend: UP


Pivot: 768
Med Term Signal


Our Preference: Long @ 790 with targets @ 860 & 893.

Alternative Scenario: The downside breakout of 768 would open the way to 720.

Comment: The 20DMA remains in support. However we are very cautious on how deep is the consolidation in place.

Trend: ST Limited upside ; MT Bullish, we have been bullish since 05 SEP 2007 (679)

Key levels Comment

982** Fib projection
893* Fib projection
860** Fib projection
810 Last
768*** Pivot point
720** Horizontal support
650*** LT Rising trend line





for chart view clich the following link

http://www.style-signals.com/signals...id=59&Itemid=1

for more information and free live signals

www.Style-Signals.com


Regards