Gold‏: bullish bias above 1333.60.

2016-09-23

Pivot: 1333.60

Our preference: long positions above 1333.60 with targets @ 1346.70 & 1350.00 in extension.

Alternative scenario: below 1333.60 look for further downside with 1328.80 & 1324.00 as targets.

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

Supports and resistances:
1355.00
1350.00
1346.70
1338.30 Last
1333.60
1328.80
1324.00