Tanalys

GOLD (Spot) intraday: bullish bias above 1318

Pivot: 1318.00

Our preference: LONG positions above 1318 with 1360 1376 as next targets.

Alternative scenario: The downside penetration of 1318 will call for 1298 1288.

Comment: the RSI advocates for further advance.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1413** Horizontal resistance

1376** Horizontal resistance

1360** Horizontal resistance

1337.2 Last

1318** Intraday pivot point

1298** Intraday support

1288** Intraday support

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