Tanalys

GOLD (Spot) intraday: bullish bias above 1307

Pivot: 1307.00

Our preference: LONG positions above 1307 with 1343 1357 as next targets.

Alternative scenario: The downside penetration of 1307 will call for 1297 1288.

Comment: technically, the RSI is above its neutrality area at 50.

Trend: ST Bearish; MT Bearish

Key levels Comment

1368** Intraday resistance

1357** Intraday resistance

1343** Intraday resistance

1329.5 Last

1307*** Intraday pivot point

1297** Intraday support

1288** Intraday support

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