Tanalys

GOLD (Spot) intraday: bullish bias above 1315

Pivot: 1315.00

Our preference: LONG positions above 1315 with 1375 1394 as next targets.

Alternative scenario: The downside breakout of 1315 will open the way to 1305 1287.

Comment: the RSI advocates for further advance.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1421*** Intraday resistance

1394** Intraday resistance

1375** Intraday resistance

1365.1 Last

1315** Intraday pivot point

1305** Intraday support

1287** Intraday support

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