GOLD (Spot) intraday: further upside.
Pivot: 1471.00
Our Preference: LONG positions above 1471 with 1497 & 1505 in sight.
Alternative scenario: The downside penetration of 1471 will call for a slide towards 1460 & 1445.
Comment: the RSI is supported by a rising trend line. Further upside to 1505 seems likey.
Trend: ST Bullish; MT Bullish
Key levels Comment
1515** Fib projection
1505* Fib projection
1497* Fib projection
1486 Last
1471** Intraday pivot point
1460** Rising trendline
1445*** Intraday support
Our Preference: LONG positions above 1471 with 1497 & 1505 in sight.
Alternative scenario: The downside penetration of 1471 will call for a slide towards 1460 & 1445.
Comment: the RSI is supported by a rising trend line. Further upside to 1505 seems likey.
Trend: ST Bullish; MT Bullish
Key levels Comment
1515** Fib projection
1505* Fib projection
1497* Fib projection
1486 Last
1471** Intraday pivot point
1460** Rising trendline
1445*** Intraday support
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