Thursday, December 6, 2012

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1708.00
Our preference: SHORT positions below 1708 with 1684 & 1672 in sight.
Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731.
Comment: as long as 1708 is resistance, look for choppy price action with a bearish bias.


By at

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