Thứ Hai, 19 tháng 9, 2011

GOLD‏ (Spot) intraday: the downside prevails.


Pivot: 1790.00

Our Preference: SHORT positions below 1790 with targets @ 1745 & 1730.

Alternative scenario: The upside breakout of 1790 will open the way to 1805 & 1822.

Comment: a bearish flag pattern is confirmed. Eye a new down leg towards 1730.

Trend: ST Consolidation; MT Bullish

Key levels Comment

1822** Intraday resistance
1805** Intraday resistance
1790** Intraday pivot point
1771 Last
1745** Intraday support
1730** Intraday support
1700** Intraday support 

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