GOLD (Spot) intraday: bullish bias above 1483
Pivot: 1483.00
Our Preference: LONG positions above 1483 with targets @ 1497 & 1505.
Alternative scenario: The downside penetration of 1483 will call for 1476 & 1471.
Comment: the price stands in a bullish channel.
Trend: ST Bullish; MT Bullish
Key levels Comment
1515** Fib projection
1505* Fib projection
1497** Intraday resistance
1490 Last
1483** Intraday pivot point
1476** Intraday support
1471** Intraday support
Our Preference: LONG positions above 1483 with targets @ 1497 & 1505.
Alternative scenario: The downside penetration of 1483 will call for 1476 & 1471.
Comment: the price stands in a bullish channel.
Trend: ST Bullish; MT Bullish
Key levels Comment
1515** Fib projection
1505* Fib projection
1497** Intraday resistance
1490 Last
1483** Intraday pivot point
1476** Intraday support
1471** Intraday support