Friday, August 30, 2013

GOLD‏ (Spot) intraday: under pressure.

Pivot: 1412.00

Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.

Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.

Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
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...