Thursday, September 22, 2011

Technical 22 sep evening


GOLD (Spot) intraday: the downside prevails.

Pivot: 1775.00
Our Preference: SHORT positions below 1775 with 1745 & 1725 in sight.
Alternative scenario: The upside breakout of 1775 will open the way to 1800 & 1825.
Comment: the validation of a symmetrical triangle calls for further decline.

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