Friday, September 16, 2011

Technical 16 sep evening


GOLD (Spot) intraday: under pressure.

Pivot: 1820.00
Our Preference: SHORT positions below 1820 with 1795 & 1770 in sight.
Alternative scenario: The upside breakout of 1820 will open the way to 1845 & 1886.
Comment: the RSI is capped by a bearish trend line.

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