Tanalys

GOLD (Spot) intraday: bullish bias above 1381

Pivot: 1381.00

Our preference: LONG positions above 1381 with 1436 1473 as next targets.

Alternative scenario: The downside penetration of 1381 will call for a slide towards 1363 1335.

Comment: the break above 1403 is a positive signal that has opened a path to 1473.

Trend: ST Bearish; MT Bearish

Key levels Comment

1507** Fib retracement (61.8%)

1473** Fib retracement (50%)

1436** Fib retracement (38.2%)

1407.32 Last

1381** Intraday pivot point

1363** Intraday support

1335** Previous low

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