Friday, October 19, 2012

GOLD‏ (Spot) intraday: the downside prevails.


 Pivot: 1747.00
Our preference: SHORT positions below 1747 with 1729 & 1718 as next targets.
Alternative scenario: The upside penetration of 1747 will call for 1753 & 1757.
Comment: the RSI is capped by a bearish trend line.


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