Tanalys

GOLD (Spot) intraday: bullish bias above 1266

Pivot: 1266.00

Our preference: LONG positions above 1266 with 1295 1312 in sight.

Alternative scenario: The downside breakout of 1266 will open the way to 1251 1240.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1321** Intraday resistance

1312** Intraday resistance

1295** Intraday resistance

1284.1 Last

1266** Intraday pivot point

1251** Intraday support

1240** Intraday support

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