Gold spot Intraday: rebound expected.

Date: 2019/05/09
Time: 07:07 (GMT +2)
Ticker: GOLDS
Last: 1283.4
Pivot: 1279.0
1st sup. 1279.0
2nd sup. 1276.0
3rd sup. 1273.0
1st res. 1286.5
2nd res. 1289.0
3rd res. 1291.5
Title:
Summary: Long positions above 1279.00 with targets at 1286.50 & 1289.00 in extension.
Story: Pivot: 1279.00

Our preference: long positions above 1279.00 with targets at 1286.50 & 1289.00 in extension.

Alternative scenario: below 1279.00 look for further downside with 1276.00 & 1273.00 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:
1291.50
1289.00
1286.50
1283.40 Last
1279.00
1276.00
1273.00