Commodity Technical Outlook 05 01 12

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1 Thursday, 05th of Jan, 2012 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 FXTechstrategy Team Providing Balanced Independent Research

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2 This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of 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 incurs any responsibility. 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

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