Tanalys

Gold spot intraday: bullish bias above 1226

Pivot: 1226.00

Our preference: LONG positions above 1226 with targets @ 1244 1252.

Alternative scenario: The downside penetration of 1226 will call for a slide towards 1215 1204.

Comment: the RSI is bullish and calls for further advance.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1267** Intraday resistance

1252** Intraday resistance

1244** Intraday resistance

1238.98 Last

1226** Intraday pivot point

1215*** Intraday support

1204** Intraday support

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