Tanalys

GOLD (Spot) intraday: bullish bias above 1363

Pivot: 1363.00

Our preference: LONG positions above 1363 with 1407 1419 in sight.

Alternative scenario: The downside penetration of 1363 will call for 1336 1322.

Comment: the RSI is above its neutrality area at 50%. The 50 moving average is turning up.

Trend: ST Bearish; MT Bearish

Key levels Comment

1442** Intraday resistance

1419** Intraday resistance

1407** Fib retracement (50%)

1394.52 Last

1363** Intraday pivot point

1336** Intraday support

1322*** Horizontal support

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