Gold spot Intraday: break of a ST rising trendline support.

Date: 2019/03/14
Time: 03:04 (GMT +1)
Ticker: GOLDS
Last: 1305.3
Pivot: 1308.5
1st sup. 1303.5
2nd sup. 1300.5
3rd sup. 1296.0
1st res. 1308.5
2nd res. 1311.5
3rd res. 1315.0
Title:
Summary: Short positions below 1308.50 with targets at 1303.50 & 1300.50 in extension.
Story: Pivot: 1308.50

Our preference: short positions below 1308.50 with targets at 1303.50 & 1300.50 in extension.

Alternative scenario: above 1308.50 look for further upside with 1311.50 & 1315.00 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
1315.00
1311.50
1308.50
1305.30 Last
1303.50
1300.50
1296.00