Tanalys

Gold spot intraday: bullish bias above 1204

Pivot: 1204.00

Our preference: LONG positions above 1204 with targets @ 1238 1244.

Alternative scenario: The downside penetration of 1204 will call for 1194 1182.

Comment: technically, the RSI is above its neutrality area at 50.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1252** Intraday resistance

1244** Intraday resistance

1238** Intraday resistance

1220 Last

1204*** Intraday pivot point

1194** Intraday support

1182** Intraday support

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