Tanalys

GOLD (Spot) intraday: bullish bias above 1354

Pivot: 1354.00

Our preference: LONG positions above 1354 with targets @ 1401 1419.

Alternative scenario: The downside breakout of 1354 will open the way to 1336 1322.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1430** Fib retracement (61.8%)

1419*** Intraday resistance

1401** Intraday resistance

1390.9 Last

1354** Intraday pivot point

1336** Intraday support

1322*** Intraday support

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