Major Pivot: 1327.00
GLD1881 preference: SHORT positions below 1327 with 1306 & 1298 in sight.
SEcond scenario: The upside penetration of 1327 will call for 1340 & 1348.
Comment: as long as the resistance at 1327 is not surpassed, the risk of the break below 1306 remains high.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1348** Horizontal resistance
1340*** Horizontal resistance
1327** Intraday pivot point
1310.4 Last
1306** Intraday support
1298*** Intraday support
1284** Fib retracement (38.2%)
January 11, 2016