EUR/USD Intraday Technical Analysis
Gold Bearish Below 1600/20 Levels.
News: 2012-07-23 07:33:56 UTC+00 10 months, 3 weeks, 6 days, 2 hours, 57 min. ago
Silver Consolidation Continues. 28.00 Levels Define Resistance


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Technical Outlook and Chart Setup:
The structure is unchanged from the last week as shown above. 28.00 level will provide strong resistance for now, It is recommended to sell intraday rallies towards 27.80/28.00 levels, expecting a breakdown. On the other hand, a clear break of 28.00/20 levels will turn the metals towards a bullish breakout. At the moment, we expect a bearish breakdown towards the trend.
Trading Recommendations:
Selling of intraday rallies is recommended for now. Short positions can be held expecting a breakdown.

Good Luck!

Performed by
Analytical expert: Harsh Japee
InstaForex Group © 2007-2013
 Published: 2012-07-23 07:33:56 UTC+00 10 months, 3 weeks, 6 days, 2 hours, 57 min. ago

 
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