Thursday, August 29, 2013

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1422.00

Our preference: SHORT positions below 1422 with 1395 & 1384 in sight.

Alternative scenario: The upside penetration of 1422 will call for a rebound towards 1430 & 1440.

Comment: gold prices broke below the rising trend line. The 50 moving average is turning down.
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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 ...

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