Gold spot Intraday: bullish bias above 1332.00

xauusd20160729-2
Pivot: 1332.00

Our preference: long positions above 1332.00 with targets @ 1352.00 & 1357.00 in extension.
Alternative scenario: below 1332.00 look for further downside with 1324.50 & 1315.60 as targets.
Comment: a support base at 1332.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1364.00
1357.00
1352.00
1340.04 Last
1332.00
1324.50
1315.60

Gold spot Intraday: further advance

xauusd20160729
Pivot: 1332.00

Our preference: long positions above 1332.00 with targets @ 1352.00 & 1357.00 in extension.
Alternative scenario: below 1332.00 look for further downside with 1324.50 & 1315.60 as targets.
Comment: a support base at 1332.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1364.00
1357.00
1352.00
1341.93 Last
1332.00
1324.50
1315.60