Wednesday, September 11, 2013

GOLD‏ (Spot) intraday: the downside prevails.

Pivot: 1371.00

Our preference: SHORT positions below 1371 with targets @ 1356 & 1347.

Alternative scenario: The upside penetration of 1371 will call for a rebound towards 1379 & 1393.

Comment: as long as the resistance at 1371 is not surpassed, the risk of the break below 1356 remains high.

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 ...