Tanalys

GOLD (Spot) intraday: bullish bias above 1357

Pivot: 1357.00

Our preference: LONG positions above 1357 with 1394 1409 in sight.

Alternative scenario: The downside penetration of 1357 will call for 1342 1318.

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

Trend: ST Ltd upside; MT Range

Key levels Comment

1421*** Intraday resistance

1409** Intraday resistance

1394** Intraday resistance

1377.2 Last

1357** Intraday pivot point

1342** Intraday support

1318** Intraday support

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