Friday, September 7, 2012

GOLD, Sept 07-2012

Trade Idea GOLD (Spot) intraday: the downside prevails.

Pivot: 1701.00
Our Preference: SHORT positions below 1701 with 1685 & 1680 in sight.
Alternative scenario: The upside penetration of 1701 will call for 1707 & 1715.
Comment: as long as 1701 is resistance, look for choppy price action with a bearish bias.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id

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