Tanalys

GOLD (Spot) intraday: bullish bias above 1296

Pivot: 1296.00

Our preference: LONG positions above 1296 with 1323 1337 in sight.

Alternative scenario: The downside penetration of 1296 will call for a slide towards 1283 1277.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1343** Intraday resistance

1337* Intraday resistance

1323*** Intraday resistance

1314.3 Last

1296** Intraday pivot point

1283** Intraday support

1277** Intraday support

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