Gold Spot Intraday: The Downside Prevails.
Short Positions Below 1135 With Targets @ 1117 & 1110 In Extension. ( 04/09/2015 02:17 )
Pivot: 1135
Our preference: Short positions below 1135 with targets @ 1117 & 1110 in extension.
Alternative scenario: Above 1135 look for further upside with 1142.5 & 1148 as targets.
Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1148
1142.5
1135
1126 Last
1117
1110
1104
