Tanalys

Gold spot Intraday: bullish bias above 1194.6.

Pivot: 1194.6

Our preference: Long positions above 1194.6 with targets @ 1209.1 1213.3 in extension.

Alternative scenario: Below 1194.6 look for further downside with 1189.1 1183.3 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1217.86

1213.3

1209.1

1199.2 Last

1194.6

1189.1

1183.3

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version