Gold Spot Intraday: Bullish Bias Above 1134.
Long Positions Above 1134 With Targets @ 1148 & 1153 In Extension. ( 02/09/2015 07:13 )
Pivot: 1134
Our preference: Long positions above 1134 with targets @ 1148 & 1153 in extension.
Alternative scenario: Below 1134 look for further downside with 1125 & 1117 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1160
1153
1148
1138 Last
1134
1125
1117
