Gold Spot ST: Capped By A Negative Trend Line.
Short Positions Below 1170 With Targets @ 1073 & 1040 In Extension. ( 28/08/2015 04:44 )
Pivot: 1170
Our preference: Short positions below 1170 with
targets @ 1073 & 1040 in extension.
Alternative scenario: Above 1170 look for further upside with 1205 & 1230 as targets.
Comment: As long as 1170 is resistance, likely decline to 1073.
Supports and resistances:
1230 *
1205 **
1170 ***
1130.38 Last
1073 ***
1040 **
1000 *
