Gold broke above 1500 (new high: 1500.5) briefly before settling at 1495.1. Debt concerns continued to drive demand for the metal although Geithner assured there's no risk to US's AAA rating.
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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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Pivot: 0.936 Our preference: Long positions above 0.936 with targets @ 0.944 & 0.947 in extension. Alternative scenario: Below 0.93...
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Pivot: 0.8215 Our preference: Short positions below 0.8215 with targets @ 0.813 & 0.81 in extension. Alternative scenario: Above 0....
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Pivot: 1.022 Our preference: Long positions above 1.022 with targets @ 1.0325 & 1.035 in extension. Alternative scenario: Below 1.0...