Our preference: SHORT positions below 1331 with 1297 & 1274 as next targets.
Alternative scenario: The upside penetration of 1331 will call for a rebound towards 1343 & 1356.
Comment: the immediate trend remains down and the momentum is strong.
Friday, September 13, 2013
GOLD (Spot) intraday: the downside prevails.
Pivot: 1331.00
Our preference: SHORT positions below 1331 with 1297 & 1274 as next targets.
Alternative scenario: The upside penetration of 1331 will call for a rebound towards 1343 & 1356.
Comment: the immediate trend remains down and the momentum is strong.
Our preference: SHORT positions below 1331 with 1297 & 1274 as next targets.
Alternative scenario: The upside penetration of 1331 will call for a rebound towards 1343 & 1356.
Comment: the immediate trend remains down and the momentum is strong.
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