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