Tuesday, November 6, 2012

GOLD‏ (Spot) intraday: up turn.


Pivot: 1670.00
Our preference: LONG positions above 1672 with 1692 & 1698 as next targets.
Alternative scenario: The downside breakout of 1672 will open the way to 1668 & 1660.
Comment: a support base at 1672 has formed and has allowed for a temporary stabilisation.


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 ...