Tanalys

GOLD (Spot) intraday: bullish bias above 1304

Pivot: 1304.00

Our preference: LONG positions above 1304 with 1320 1328 in sight.

Alternative scenario: The downside penetration of 1304 will call for a slide towards 1297 1288.

Comment: the RSI broke above a declining trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1339** Intraday resistance

1328** Intraday resistance

1320** Intraday resistance

1314.92 Last

1304** Intraday pivot point

1297** Intraday support

1288** Intraday support

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