Tuesday, September 6, 2011

Technical 6 sep evening


GOLD (Spot) intraday: the downside prevails.

Pivot: 1925.00
Our Preference: SHORT positions below 1925 with 1870 & 1840 as next targets.
Alternative scenario: The upside penetration of 1925 will call for a rebound towards 1940 & 1965.
Comment: the false breakout of 1913 is a negative signal.

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