GOLD (Spot) intraday: further advance.
Pivot: 1518.00
Our Preference: LONG positions above 1518 with 1550 & 1555 in sight.
Alternative scenario: The downside penetration of 1518 will call for 1510 & 1500.
Comment: the RSI lacks downward momentum.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1567* Fib projection
1555* Fib projection
1550* Fib projection
1534 Last
1518** Intraday pivot point
1510** Intraday support
1500** Intraday support
Our Preference: LONG positions above 1518 with 1550 & 1555 in sight.
Alternative scenario: The downside penetration of 1518 will call for 1510 & 1500.
Comment: the RSI lacks downward momentum.
Trend: ST Ltd upside; MT Bullish
Key levels Comment
1567* Fib projection
1555* Fib projection
1550* Fib projection
1534 Last
1518** Intraday pivot point
1510** Intraday support
1500** Intraday support
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