Wednesday, September 25, 2013

GOLD‏ (Spot) intraday: key ST resistance at 1332

Pivot: 1332.00

Our preference: SHORT positions below 1332 with 1306 & 1291 in sight.

Alternative scenario: The upside penetration of 1332 will call for a rebound towards 1346 & 1358.

Comment: as long as 1332 is resistance, look for choppy price action with a bearish bias.
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