Thursday, December 27, 2012

GOLD‏ (Spot) intraday: aim @ 1659

Pivot: 1652.00

Our preference: LONG positions above 1652 with targets @ 1659 & 1669.

Alternative scenario: The downside penetration of 1652 will call for 1645 & 1635.

Comment: a support base at 1652 has formed and has allowed for a temporary stabilisation.

Trend: ST Ltd downside; MT Range

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 ...