Sunday, September 11, 2011

Techinical 12 sep afternoon


GOLD (Spot) intraday: key ST resistance at 1870

Pivot: 1870.00
Our Preference: SHORT positions below 1870 with targets @ 1825 & 1795.
Alternative scenario: The upside penetration of 1870 will call for 1886 & 1900.
Comment: the index currently faces a challenging resistance area at 1870.
short position don't take long 

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