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Gold Spot Intraday: Bullish Bias Above 1117.

Gold Spot Intraday: Bullish Bias Above 1117.

Long Positions Above 1117 With Targets @ 1133 & 1139.5 In Extension. ( 28/08/2015 13:40 )

Pivot: 1117

Our preference: Long positions above 1117 with targets @ 1133 & 1139.5 in extension.


Alternative scenario: Below 1117 look for further downside with 1109 & 1101 as targets.


Comment: A support base at 1117 has formed and has allowed for a temporary stabilisation.


Supports and resistances:

1146.5

1139.5

1133

1124.4 Last

1117

1109

1101




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