GOLD (Spot) intraday: again downside

on Thursday, November 17, 2011

Pivot: 1775.00

Most Likely Scenario: SHORT positions below 1775 with 1753 & 1744 as next targets.

Alternative scenario: The upside penetration of 1775 will call for 1786 & 1794.

Comment: The RSI is mixed with a bearish bias.

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