Tanalys

GOLD (Spot) intraday: bounce.

Pivot: 1359.00

Our preference: LONG positions above 1359 with targets @ 1401 1419.

Alternative scenario: The downside penetration of 1359 will call for a slide towards 1336 1322.

Comment: the RSI has just landed on a support around 30% and is reversing up.

Trend: ST Bearish; MT Bearish

Key levels Comment

1442** Intraday resistance

1419** Intraday resistance

1401** Previous high

1379.2 Last

1359** Intraday pivot point

1336** Intraday support

1322*** Horizontal support

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