Intraday Elliottwave Analysis: Gold, 1293 is short term pivot

Yue Wang LinoCapital

Gold closed below 200 day MA.

Now just sit on the bottom of the triangle.

Once downside resolved, 1277/62 will be next target.

1293 is short term pivot, above here will see some recovery.

But only close above 1335.5 will regain upside momentum.

Daily support Levels: 1287 1285.8 1284.7 1279.2 1277.7

Daily resistance Levels: 1293.0 1293.6 1297.0 1300.4 1302.0 1305.3

Intraday Trade Idea:

Sell Latentinterest Order: 1302.3

Buy Latentinterest Order: 1284.7

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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