*** AceTrader : SPOT GOLD DAILY OUTLOOK ***

[acetraderfx]

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 : Stand aside

RES : 1479.00/1487.90/1500.00

SUP : 1440.90/1429.90/1424.80