Tanalys

Gold MT: turning up.

Pivot: 1270.

Our Preference: As long as 1270 is support, look for rise towards 1415 1488.

Alternative scenario: A downside breakout of 1270 would open the way towards 1180.

Comment: The 20-MA crossed above the 50-MA and daily technical indicators are turning up.

Trend: ST Ltd upside; MT Range, we have been bearish since 21 DEC 2012 (1667).

Key levels Comment

1550 Key horizontal resistance

1488 Fib retracement (50%)

1415 Fib retracement (38.2%)

1366 Last

1270 Pivot point

1180 Horizontal support

1080 Horizontal support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version