Gold Spot ST: Rebound Expected.
Long Positions Above 1126 With Targets @ 1170 & 1205 In
Extension. ( 26/08/2015)
Pivot: 1126
Our preference: Long positions above 1126 with targets @ 1170 & 1205 in extension.
Alternative scenario: Below 1126 look for further downside with 1073 & 1040 as targets.
Comment: The RSI broke above a bearish trend line.
Supports and resistances:
1230 *
1205 **
1170
1137.65 Last
1126 ***
1073 **
1040 *
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