Monday, October 29, 2012

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1718.00
Our preference: SHORT positions below 1718 with targets 2 1698 & 1687.
Alternative scenario: the upside penetration of 1718 will call for 1730 & 1735.
Comment: as long as 1718 is resistance, expect a return to 1698.


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