Gold Weekly Technical Report 1-5/7/2013
ecPulse
2013-07-01 06:49AM UTC
Gold started the anticipated bullish rebound on Friday. After testing 1180.00 level, the price bounced to settle back above 1200.00 level. We maintain our bullish correctional rebound scenario for this week, looking for a move towards 1300.00, as price has been excessively oversold, while Momentum indicators are showing bullish divergence.
** Short term (Less than three months)
** Chart is based on GMT+2 timing
Notes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
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