Tanalys

Gold spot Intraday: key resistance at 1307.

Pivot: 1307

Our preference: Short positions below 1307 with targets @ 1279 1272 in extension.

Alternative scenario: Above 1307 look for further upside with 1320 1329 as targets.

Comment: as long as 1307 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1329

1320

1307

1297 Last

1279

1272

1260

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version