Thursday, August 2, 2012

GOLD‏ (Spot) intraday: key ST resistance at 1607

GOLD‏ (Spot) intraday: key ST resistance at 1607

Pivot: 1607.00
Our Preference: SHORT positions below 1607 with 1592 & 1589 as next targets.
Alternative scenario: The upside penetration of 1607 will call for 1611 & 1619.
Comment: the RSI is bearish and calls for further downside.
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USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...

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