Pivot: 1349.
Our Preference: Bearish below 1349 with targets @ 1267 1180 in extension.
Alternative scenario: An upside breakout of 1349 would open the way towards 1488.
Comment: gold prices are about to test their key resistance at 1349, caution.
Trend: ST Ltd downside; MT Bearish, we have been bearish since 21 DEC 2012 (1667).
Key levels Comment
1488 Fib retracement (50%)
1415 Fib retracement (38.2%)
1349 Pivot point
1332 Last
1267 Horizontal support
1180 Horizontal support
1080 Horizontal support
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