Tuesday, September 20, 2011

Technical 20 sep afternoon


GOLD (Spot) intraday: the downside prevails.

Pivot: 1790.00
Our Preference: SHORT positions below 1790 with targets @ 1745 & 1730.
Alternative scenario: The upside breakout of 1790 will open the way to 1805 & 1822.
Comment: a bearish flag pattern is confirmed. Eye a new down leg towards 1730

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