Major Pivot: 1306.00
GLD1881 preference: Buy positions above 1306 with 1330 & 1340 as next targets.
Second scenario: The downside penetration of 1306 will call for 1298 & 1284.
Comment: a support base at 1306 has formed and has allowed for a temporary stabilisation.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1348** Horizontal resistance
1340** Horizontal resistance
1330* Horizontal resistance
1317.8 Last
1306** Intraday pivot point
1298*** Intraday support
1284** Fib retracement (38.2%)
January 11, 2016