Tanalys

GOLD (Spot) intraday: bullish bias above 1341

Pivot: 1341.00

Our preference: LONG positions above 1341 with targets @ 1362 1374.

Alternative scenario: The downside penetration of 1341 will call for 1328 1309.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trend: ST Bearish; MT Bearish

Key levels Comment

1393** Intraday resistance

1374** Intraday resistance

1362*** Intraday resistance

1352.1 Last

1341** Intraday pivot point

1328** Intraday support

1309** Intraday support

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