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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (787)10/13/1999 10:34:00 AM
From: J.T.  Read Replies (2) of 19219
 
XAU again at XAU 80 in this tight range between XAU 80.20 - XAU 76 and is looking to break out of this top band to give it this little opportunity to mount an assault on this XAU 80-81 formidable resistance. A break-out of XAU 83.50 and she should run hard to XAU 90.5 our interday target to book profits. TAke-out must happen now.

Any failure in here now and retest of XAU 77 could spell death and breakdown of XAU and take losses if XAU 74 close materializes:

iqc.com

Best regards, J.T.
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