XAUUSD – Intraday Strategy (21 Nov 2013)

0
193
gold _ usd

Recommendations: SHORT positions below  1277 with 1233 & 1208 as next targets.
Alternative scenario: The upside breakout of  1277 will call for a rebound to 1293/326.
Description: The pair trades below its resistance 1277, stability below this level will build pressure on the 1233 levels, losing 1233 will open 1208 levels, below 1208 will aim 1180. On the upside, break of 1277 on an hourly basis will delay the bearish move for retesting 1293 ahead of 1326, but upside move above 1277 should be limited by 1326 levels, to reverse risks to the upside, the pair needs to clear 1326, If seen It will target 1343 ahead of 1361 levels.

 

 

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