Friday, August 30, 2013

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1416.00

Our preference: SHORT positions below 1416 with 1395 & 1384 as next targets.

Alternative scenario: The upside penetration of 1416 will call for a rebound towards 1422 & 1430.

Comment: as long as 1416 is resistance, likely decline to 1395.
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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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