Major Pivot: 1340.00
GLD1881 preference: Short selling positions below 1340 with targets @ 1320 & 1309.
Second scenario: The upside breakout of 1340 will open the way to 1348 & 1357.
Comment: as long as 1340 is resistance, look for choppy price action with a bearish bias.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1357** Horizontal resistance
1348** Horizontal resistance
1340*** Intraday pivot point
1332.3 Last
1320** Intraday support
1309** Intraday support
1298*** Horizontal support
January 11, 2016