Wednesday, September 7, 2011

Technical 2sep aft


GOLD (Spot) intraday: the downside prevails.

Pivot: 1865.00
Our Preference: SHORT positions below 1865 with 1800 & 1775 in sight.
Alternative scenario: The upside breakout of 1865 will open the way to 1920 & 1940.
Comment: the RSI is capped by a declining trend line.
short position is risky so always use the stop loss 

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