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Gold spot Intraday: bullish bias above 1522.50.

Our preference: long positions above 1522.50 with targets at 1535.00 & 1538.00 in extension.

Alternative scenario: below 1522.50 look for further downside with 1519.00 & 1515.50 as targets.

Comment: a support base at 1522.50 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1544.00
1538.00
1535.00
1528.40 Last
1522.50
1519.00
1515.50

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