Tanalys

Gold spot Intraday: bullish bias above 1218.

Pivot: 1218

Our preference: Long positions above 1218 with targets @ 1235.6 1250 in extension.

Alternative scenario: Below 1218 look for further downside with 1202 1192 as targets.

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

Supports and resistances:

1258

1250

1235.6

1221.2 Last

1218

1202

1192

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version