SPOT GOLD DAILY OUTLOOK - 1472.2009 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 : Stand aside
RES : 1479.00/1487.90/1500.00
SUP : 1440.90/1429.90/1424.80
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