Tanalys

GOLD (Spot) intraday: bullish bias above 1205

Pivot: 1205.00

Our preference: LONG positions above 1205 with targets @ 1244 1271.

Alternative scenario: The downside breakout of 1205 will open the way to 1180 1150.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1288** Intraday resistance

1271** Intraday resistance

1244** Intraday resistance

1236 Last

1205*** Intraday pivot point

1180** Intraday support

1150** Intraday support

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