Tanalys

Gold spot intraday: bullish bias above 1221

Pivot: 1221.00

Our preference: LONG positions above 1221 with targets @ 1238 1244.

Alternative scenario: The downside breakout of 1221 will open the way to 1213 1204.

Comment: the RSI is mixed to bullish.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1252** Intraday resistance

1244** Intraday resistance

1238** Intraday resistance

1234.4 Last

1221** Intraday pivot point

1213*** Intraday support

1204** Intraday support

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