Tanalys

Gold spot intraday: bounce.

Pivot: 1223.00

Our preference: LONG positions above 1223 with 1238 1245 as next targets.

Alternative scenario: The downside breakout of 1223 will open the way to 1218 1208.

Comment: the RSI is supported by a rising trend line.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1252** Intraday resistance

1245** Intraday resistance

1238** Intraday resistance

1232.8 Last

1223** Intraday pivot point

1218** Intraday support

1208** Intraday support

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