Tanalys

GOLD (Spot) intraday: bullish bias above 1342

Pivot: 1342.00

Our preference: LONG positions above 1342 with 1375 1394 as next targets.

Alternative scenario: The downside penetration of 1342 will call for a slide towards 1315 1305.

Comment: the RSI is mixed with a bullish bias.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1421*** Intraday resistance

1394** Intraday resistance

1375** Intraday resistance

1367.5 Last

1342** Intraday pivot point

1315** Intraday support

1305** Intraday support

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