Tuesday, September 13, 2011

Technical 13 sep afternooon


GOLD (Spot) intraday: the downside prevails.

Pivot: 1855.00
Our Preference: SHORT positions below 1855 with 1795 & 1770 as next targets.
Alternative scenario: The upside penetration of 1855 will call for 1886 & 1900.
Comment: the price is pulling back on its former rising trend line, further donwside seems likely.

No comments:

Post a Comment