Tanalys

GOLD (Spot) intraday: bullish bias above 1365

Pivot: 1365.00

Our preference: LONG positions above 1365 with targets @ 1402 1423.

Alternative scenario: The downside penetration of 1365 will call for a slide towards 1354 1338.

Comment: a support base at 1365 has formed and has allowed for a temporary stabilisation.

Trend: ST Bearish; MT Bearish

Key levels Comment

1445** Intraday resistance

1423** Intraday resistance

1402** Fib retracement (61.8%)

1386.05 Last

1365** Intraday pivot point

1354** Intraday support

1338** Intraday support

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