Gold spot Intraday: capped by a negative trend line.

2016-09-26

Pivot: 1340.73

Our preference: short @ 1335.43 with targets @ 1330.00 & 1325.00 in extension.

Alternative scenario: above 1340.73 look for further upside with 1343.70 & 1348.00 as targets.

Comment: the RSI is capped by a declining trend line.

Supports and resistances:
1348.00
1343.70
1340.73
1335.43 Last
1330.00
1325.00
1320.00