FX.co ★ GOLD. Weekly and Monthly Pivot Points, For June 08-10, 2011

____WEEKLY_____
Weekly - R3 = 1586,13
Weekly - R2 = 1568,36
Weekly - R1 = 1555,33
Weekly Pivot = 1537,57
Weekly - S1 = 1524,53
Weekly - S2 = 1506,76
Weekly - S3 = 1493,73

_____MONTHLY______
Monthly - R3 = 1701,70
Monthly - R2 = 1639,30
Monthly - R1 = 1587,60
Monthly Pivot = 1525,20
Monthly - S1 = 1473,50
Monthly - S2 = 1411,10
Monthly - S3 = 1359,40

GOLD

The traders should sell short in the R1 weekly or buy long in S1 weekly, with a target in the weekly Pivot, is a viable strategy to make swing trading.

Other form of vary this strategy is to going long on S2 weekly and short R2 weekly , with a goal in S1 or R1 weekly.