Tanalys

GOLD (Spot) intraday: bullish bias above 1276

Pivot: 1276.00

Our preference: LONG positions above 1276 with targets @ 1298 1320.

Alternative scenario: The downside penetration of 1276 will call for 1267 1247.

Comment: a break above 1298 would have strong bullish implications.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1338** Fib retracement (61.8%)

1320** Intraday resistance

1298*** Previous high

1287.47 Last

1276** Intraday pivot point

1267** Intraday support

1247** Intraday support

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