Gold Intraday: capped by a negative trend line.Short positions below 1270 with targets @ 1239 & 1222 in extension. ( 21/11/2013 07:49 )
Our preference: Short positions below 1270 with targets @ 1239 & 1222 in extension.
Alternative scenario: Above 1270 look for further upside with 1279 & 1286 as targets.
Comment: the break below 1270 is a negative signal that has opened a path to 1239.
Supports and resistances:
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