Tanalys

GOLD (Spot) intraday: bullish bias above 1338

Pivot: 1338.00

Our preference: LONG positions above 1338 with 1362 1374 in sight.

Alternative scenario: The downside penetration of 1338 will call for a slide towards 1328 1317.

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

Trend: ST Bullish; MT Range

Key levels Comment

1393** Intraday resistance

1374** Intraday resistance

1362** Intraday resistance

1354.36 Last

1338** Intraday pivot point

1328** Intraday support

1317** Intraday support

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