Tanalys

GOLD (Spot) intraday: bullish bias above 1298

Pivot: 1298.00

Our preference: LONG positions above 1298 with 1335 1360 as next targets.

Alternative scenario: The downside breakout of 1298 will open the way to 1288 1270.

Comment: the break above 1298 is a positive signal that has opened a path to 1335.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1376** Horizontal resistance

1360** Horizontal resistance

1335*** Fib retracement (50%)

1317.93 Last

1298** Intraday pivot point

1288** Intraday support

1270** Intraday support

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