SPOT GOLD DAILY OUTLOOK : May 9, 2013

SPOT GOLD DAILY OUTLOOK – 1472.20 09 May 2013 00:04GMT Although gold’s strong rebound fm Tue’s low at 1441.50 suggests pullback fm last Fri’s high at 1487.90 has possibly ended there n consolidation with upside bias is seen, break of 1479.00 res is needed to confirm this view n yield re-test of 1487.90 but abv needed to extend gain twd 1500.00. On the downside, only a daily close below 1439/41 wud confirm corrective rise fm Apr’s 2-yr low at 1322.20 has made a top n yield 1429.90. STRATEGY

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SPOT GOLD DAILY OUTLOOK : May 9, 2013

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