Daily Trading Forecasts (September 14, 2012)
Gold Breaks Through 1750.00 Levels...
News: 2012-09-14 12:25:55 UTC+00 8 months, 1 week, 14 hours, 40 min. ago
Silver Nears 35.00 Levels, Wait For A Pullback Now...


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Technical Outlook and Chart Setups:

As shown above, the next resistance confluence comes near 35.00 level. We were stopped yesterday but this is still not the time to go long. Believe it or not, a meaningful retracement needs to come through before the next bullish leg. At the moment, we humbly recommend to watch for bearishness to resume and re-enter short positions again. Support will be offered at 33.00 level. We will be discussing the waves on Monday and it looks like the white metal is headed towards fresh highs.

Trading Recommendations:

Flat for now.

 

Good Luck!

Performed by
Analytical expert: Harsh Japee
InstaForex Group © 2007-2013
 Published: 2012-09-14 12:25:55 UTC+00 8 months, 1 week, 14 hours, 40 min. ago

 
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