Tanalys

GOLD (Spot) intraday: bullish bias above 1371

Pivot: 1371.00

Our preference: LONG positions above 1371 with 1399 1416 as next targets.

Alternative scenario: The downside penetration of 1371 will call for 1353 1347.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1430** Intraday resistance

1416** Intraday resistance

1399*** Intraday resistance

1388.3 Last

1371** Intraday pivot point

1353** Intraday support

1347** Intraday support

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