Monday, November 5, 2012

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1692.00
Our preference: SHORT positions below 1692 with 1668 & 1660 as next targets.
Alternative scenario: The upside penetration of 1692 will call for 1698 & 1705.
Comment: as long as 1692 is resistance, expect a return to 1668.


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 ...