Wednesday, September 4, 2013

GOLD‏ (Spot) intraday: bullish bias above 1398

Pivot: 1398.00

Our preference: LONG positions above 1398 with targets @ 1423 & 1434.

Alternative scenario: The downside penetration of 1398 will call for a slide towards 1385 & 1374.

Comment: the RSI is above its neutrality area at 50%. The 50 moving average is ascending and is possible area of support.


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 ...