Thursday, November 8, 2012

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1721.00
Our preference: SHORT positions below 1721 with 1702.5 & 1694 in sight.
Alternative scenario: The upside penetration of 1721 will call for a rebound towards 1732 & 1742.
Comment: the RSI is capped by a bearish trend line.


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 ...