UncategorizedWeekly Analysis

Gold spot Intraday: bullish bias above 1485.50.(4.12.2019)

Pivot: 1473.50

Our preference: long positions above 1473.50 with targets at 1481.50 & 1485.00 in extension.

Alternative scenario: below 1473.50 look for further downside with 1470.00 & 1466.50 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1487.00
1485.00
1481.50
1477.20 Last
1473.50
1470.00
1466.50

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