Tanalys

GOLD (Spot) intraday: bullish bias above 1308

Pivot: 1308.00

Our preference: LONG positions above 1308 with 1338 1348 in sight.

Alternative scenario: The downside breakout of 1308 will open the way to 1298 1283.

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

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1357*** Fib projection

1348** Horizontal resistance

1338** Horizontal resistance

1336.78 Last

1308** Intraday pivot point

1298*** Intraday support

1283** Fib retracement (38.2%)

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