Gold spot Intraday: the bias remains bullish

xauusd20160726-2
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1338.50
1334.00
1330.00
1321.09 Last
1312.00
1304.50
1300.00

Gold spot Intraday: bullish bias above 1312.00

xauusd20160726
Pivot: 1312.00

Our preference: long positions above 1312.00 with targets @ 1330.00 & 1334.00 in extension.
Alternative scenario: below 1312.00 look for further downside with 1304.50 & 1300.00 as targets.
Comment: a support base at 1312.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
1338.50
1334.00
1330.00
1319.51 Last
1312.00
1304.50
1300.00

Gold spot ST: supported by a rising trend line

xauusd20160725
Pivot: 1250.00

Our preference: long positions above 1250.00 with targets @ 1377.00 & 1430.00 in extension.
Alternative scenario: below 1250.00 look for further downside with 1200.00 & 1143.00 as targets.
Comment: the RSI broke above a declining trend line. The rising 50-day moving average maintains the upside bias.

Supports and resistances:
1488.00 *
1430.00 **
1377.00 ***
1316.70 Last
1250.00 ***
1200.00 **
1143.00 *