Major Pivot: 1283.00
GLD1881 preference: Buy positions above 1283 with targets @ 1307 & 1320.
Second scenario: The downside breakout of 1283 will open the way to 1266 & 1244.
Comment: Gold prices hold above a key support threshold at 1283 while the RSI lacks downward momentum.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
1339** Intraday resistance
1320** Intraday resistance
1307* Intraday resistance
1289.9 Last
1283*** Intraday pivot point
1266** Fib retracement (50%)
1244** Fib retracement (61.8%)
January 11, 2016