Thursday, 9 March 2017

EU Open Trading Signals GOLD 9 March 2017

Gold spot Intraday: capped by a negative trend line.
Pivot: 1211.70

Most likely scenario: short positions below 1211.70 with targets at 1200.00 & 1195.00 in extension.

Alternative scenario: above 1211.70 look for further upside with 1218.50 & 1222.50 as targets.

Comment: the RSI is bearish and calls for further downside.




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