Gold Spot Intraday: Capped By A Negative Trend Line.
Short Positions Below 1124.8 With Targets @ 1114 & 1110 In Extension. ( 08/09/2015 01:56 )
Pivot: 1124.8
Our preference: Short positions below 1124.8 with targets @ 1114 & 1110 in extension.
Alternative scenario: Above 1124.8 look for further upside with 1133 & 1142 as targets.
Comment: As long as 1124.8 is resistance, likely decline to 1114.
Supports and resistances:
1142
1133
1124.8
1120.67 Last
1114
1110
1104
