Wednesday, October 2, 2013

GOLD‏ (Spot) intraday: key ST resistance at 1305

Pivot: 1305.00

Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.

Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.

Comment: as long as 1305 is resistance, expect a return to 1277.
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