JobinJones

JobinJones

Gold Intraday: further upside. Pivot: 2465.00 Our preference: Long positions above 2465.00 with targets at 2488.00 & 2495.00 in extension. Alternative scenario: Below 2465.00 look for further downside with 2458.00 & 2447.00 as targets. Comment: The RSI is bullish and calls for further upside.

JobinJones

Gold Intraday: under pressure. Pivot: 2403.00 Our preference: Short positions below 2403.00 with targets at 2378.00 & 2365.00 in extension. Alternative scenario: Above 2403.00 look for further upside with 2417.00 & 2431.00 as targets. Comment: As long as 2403.00 is resistance, look for choppy price action with a bearish bias.

JobinJones

Gold Intraday: intraday support around 2378.00. Pivot: 2378.00 Our preference: Long positions above 2378.00 with targets at 2395.00 & 2403.00 in extension. Alternative scenario: Below 2378.00 look for further downside with 2370.00 & 2363.00 as targets.

JobinJones

Gold Intraday: intraday support around 2380.00. Pivot: 2380.00 Our preference: Long positions above 2380.00 with targets at 2403.00 & 2415.00 in extension. Alternative scenario: Below 2380.00 look for further downside with 2365.00 & 2353.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited

JobinJones

Gold Intraday: under pressure. Pivot: 2415.00 Our preference: Short positions below 2415.00 with targets at 2394.00 & 2386.00 in extension. Alternative scenario: Above 2415.00 look for further upside with 2425.00 & 2434.00 as targets. Comment: The RSI lacks upward momentum.

JobinJones

Gold Intraday: the downside prevails. Pivot: 2421.00 Our preference: Short positions below 2421.00 with targets at 2400.00 & 2392.00 in extension. Alternative scenario: Above 2421.00 look for further upside with 2429.00 & 2440.00 as targets. Comment: The RSI is bearish and calls for further decline

JobinJones

Gold Intraday: bullish bias above 2458.00. Pivot: 2458.00 Our preference: Long positions above 2458.00 with targets at 2482.00 & 2500.00 in extension. Alternative scenario: Below 2458.00 look for further downside with 2444.00 & 2430.00 as targets. Comment: The RSI is mixed with a bullish bias.

JobinJones

Gold Intraday: supported by a rising trend line. Pivot: 2430.00 Our preference: Long positions above 2430.00 with targets at 2446.00 & 2460.00 in extension. Alternative scenario: Below 2430.00 look for further downside with 2420.00 & 2411.00 as targets. Comment: The RSI is bullish and calls for further upside.

JobinJones

Gold Intraday: intraday support is around 2407.00. Pivot: 2407.00 Our preference: Long positions above 2407.00 with targets at 2424.00 & 2430.00 in extension. Alternative scenario: Below 2407.00 look for further downside with 2401.00 & 2396.00 as targets. Comment: The RSI is mixed with a bullish bias.

JobinJones

Pivot:2395.00 Our preference: Long positions above 2395.00 with targets at 2416.00 & 2424.00 in extension. Alternative scenario: Below 2395.00 look for further downside with 2386.00 & 2379.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

JobinJones

Pivot: 2370.00 Our preference: Long positions above 2370.00 with targets at 2392.00 & 2410.00 in extension. Alternative scenario: Below 2370.00 look for further downside with 2362.00 & 2357.00 as targets.

JobinJones

Pivot: 2363.00 Our preference: Long positions above 2363.00 with targets at 2377.00 & 2385.00 in extension. Alternative scenario: Below 2363.00 look for further downside with 2357.00 & 2351.00 as targets. Comment: The RSI is bullish and calls for further advance.

JobinJones

Gold Intraday: rebound expected. Pivot: 2358.00 Our preference: Long positions above 2358.00 with targets at 2369.00 & 2377.00 in extension. Alternative scenario: Below 2358.00 look for further downside with 2351.00 & 2342.00 as targets. Comment: The RSI calls for a bounce.