Our Preference: SHORT positions below 1718 with 1698 & 1687 as next targets.
Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735.
Comment: the RSI is bearish and calls for further downside.
GOLD (Spot) intraday: 1698 expected 26/10/12
Pivot: 1718.00
Our Preference: SHORT positions below 1718 with 1698 & 1687 as next targets.
Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735.
Comment: the RSI is bearish and calls for further downside.
Our Preference: SHORT positions below 1718 with 1698 & 1687 as next targets.
Alternative scenario: The upside penetration of 1718 will call for a rebound towards 1730 & 1735.
Comment: the RSI is bearish and calls for further downside.
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