Tanalys

GOLD (Spot) intraday: bullish bias above 1377

Pivot: 1377.00

Our preference: LONG positions above 1377 with 1398 1419 in sight.

Alternative scenario: The downside penetration of 1377 will call for a slide towards 1354 1336.

Comment: the RSI is bullish and calls for further advance. The break above 1398 would have strong bullish implications.

Trend: ST Bearish; MT Bearish

Key levels Comment

1430** Fib retracement (61.8%)

1419*** Intraday resistance

1398** Intraday resistance

1395.01 Last

1377** Intraday pivot point

1354** Intraday support

1336** Intraday support

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