GOLD: While Gold’s nearer term bias remains to the upside as the commodity continues to strengthen, a convincing violation of the 1,641.25 level, its Dec 21’2011 high is required to pave the way for further upside gains.

1. Thursday, 05th of Jan, 2012 FXTechstrategy Team
info@fxtechstrategy.com
COMMODITY TECHNICAL OUTLOOK
GOLD
GOLD: Strengthens On Corrective Recovery,
Eyes Key Resistance.
GOLD: While Gold’s nearer term bias remains to
the upside as the commodity continues to
strengthen, a convincing violation of the 1,641.25
level, its Dec 21’2011 high is required to pave the
way for further upside gains. This will push the
commodity further higher and then target the
1,677.35 level, its Dec 13’2011 high where a
violation will set it up for a move towards the
1,762.50 level. Further out, the 1,802.75 level, its
Nov’2011 high comes in as the next upside
resistance. Its daily RSI is bullish and pointing
higher suggesting further gains. Alternatively, the
risk to our analysis will be a return to the
1,522.55 level, its Dec 2011 low. This if it
materializes will open the door for additional
weakness towards its psycho level at 1,500.00. All
in all, Gold continues to hold on to its strengthen
on corrective recovery.
To read the full version of this 7 model
currency analysis click here FXT Technical
Strategist Plus
1
www.FXTechstrategy.com
Providing Balanced Independent Research

2. This report is prepared solely for information and data purposes. Opinions, estimates and projections
contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to
change without notice. The information and opinions contained herein have been compiled or arrived
at from sources believed to be reliable but no representation or warranty, express or implied, is made
as to their accuracy or completeness and neither the information nor the forecast shall be taken as a
representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not
accept any liability whatsoever for any loss arising from any use of this report or its contents. This
report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies
referred to in this report. Click here for full disclaimer
2