Tanalys

Gold spot Intraday: break of a ST rising trendline support.

Pivot: 1251

Our preference: Short positions below 1251 with targets @ 1238 1234 in extension.

Alternative scenario: Above 1251 look for further upside with 1257 1262 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:

1262 **

1257 **

1251 **

1244 Last

1238 **

1234 **

1219 **

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version