Friday, November 30, 2012

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1730.00
Our preference: SHORT positions below 1730 with 1717 & 1706 as next targets.
Alternative scenario: The upside breakout of 1730 will open the way to 1737 & 1745.
Comment: as long as the resistance at 1730 is not surpassed, the risk of the break below 1717 remains high.


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