Gold spot Intraday: bullish bias above 1312.00

xauusd20160727-3
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1338.50
1334.00
1330.00
1320.00 Last
1312.00
1304.50
1300.00

Gold spot Intraday: bullish bias above 1312.00

xauusd20160727-2
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1338.50
1334.00
1330.00
1319.11 Last
1312.00
1304.50
1300.00

Gold spot Intraday: the bias remains bullish

xauusd20160727
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1338.50
1334.00
1330.00
1318.92 Last
1312.00
1304.50
1300.00