Wednesday, August 21, 2013

Gold MT: expect 1488.

Pivot: 1270.

Our Preference: As long as 1270 is support, look for rise towards 1415 & 1488.

Alternative scenario: A downside breakout of 1270 would open the way towards 1180.

Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.

By at

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 ...

  • China data signal further room to tighten policy
    HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
  • Commodity Trading 101
    1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
  • Chinese data raise concerns of slowdown
    HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...