WORLD MARKET UPDATE- 11 JULY 2011WORLD INDEX TECHNICAL ANALYSIS

GOLD UPDATE: 

CROSS OVER  $1557 GOLD WILL IN BULL RUN, ABOVE $1564.40 AND SUSTAIN THEN  GOLD WILL TRY TO MAKE 52 WEEK HIGH.BUT BELOW $1557 TARGET $1549.70 IF BREAK TARGET $1537.3. INTRA-DAY GOLD HAS STRONG SUPPORT AT $1517.60

	FTSE 100	Dow Jones	S&P500	Nasdaq 100	Gold	ACTION
R3	6,186.43	12,868.4	1,371.07	2,432.70	1,564.4	BULL
R2	6,121.15	12,798.0	1,361.98	2,423.76	1,557.0	STOP
R1	6,055.86	12,727.6	1,352.89	2,414.83	1,549.7	SELL
PIVOT	6,018.80	12,647.5	1,343.30	2,396.98	1,537.3
S1	5,953.51	12,577.1	1,334.21	2,388.05	1,530.0	BUY
S2	5,916.45	12,497.0	1,324.62	2,370.20	1,517.6	STOP
S3	5,851.16	12,426.6	1,315.53	2,361.27	1,510.3	BEAR