Tanalys

Gold spot Intraday: bullish bias above 1115.3.

Pivot: 1115.3

Our preference: long positions above 1115.3 with targets @ 1124.75 1128 in extension.

Alternative scenario: below 1115.3 look for further downside with 1109.5 1104.5 as targets.

Comment: a support base at 1115.3 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1130.5

1128

1124.75

1117.29 Last

1115.3

1109.5

1104.5

Copyright 1999 – 2016 TRADING CENTRAL

Exit mobile version