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GOLD (Spot) intraday: the downside prevails.
2012-02-07 19:57:52

 

GOLD (Spot) intraday: the downside prevails.
Pivot: 1738.00

Most Likely Scenario: SHORT positions below 1738 with 1713 & 1703 in sight.

Alternative scenario: The upside penetration of 1738 will call for a rebound towards 1744 & 1752.

Comment: as long as 1738 is resistance, look for choppy price action with a bearish bias.
 


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