Wednesday, November 7, 2012

GOLD‏ (Spot) intraday: the bias remains bullish.

Pivot: 1705.00
Our preference: LONG positions above 1705 with 1726 & 1734 as next targets.
Alternative scenario: The downside penetration of 1705 will call for a slide towards 1694 & 1683.
Comment: the RSI is bullish and calls for further advance.


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 ...