Tanalys

GOLD (Spot) intraday: bullish bias above 1287

Pivot: 1287.00

Our preference: LONG positions above 1287 with 1329 1350 in sight.

Alternative scenario: The downside breakout of 1287 will open the way to 1270 1252.

Comment: the break above 1287 is a positive signal that has opened a path to 1329.

Trend: ST Bearish; MT Bearish

Key levels Comment

1374** Intraday resistance

1350** Intraday resistance

1329** Intraday resistance

1317.5 Last

1287** Intraday pivot point

1270** Intraday support

1252** Intraday support

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