Tuesday, October 30, 2012

GOLD‏ (Spot) intraday: under pressure.


Pivot: 1718.00
Our preference: SHORT positions below 1718 with 1704 & 1698 in sight.
Alternative scenario: The upside penetration of 1718 will call for 1730 & 1735.
Comment: the RSI is mixed with a bearish bias.


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