Tanalys

GOLD (Spot) intraday: bullish bias above 1390

Pivot: 1390.00

Our preference: LONG positions above 1390 with 1422 1445 in sight.

Alternative scenario: The downside breakout of 1390 will open the way to 1374 1354.

Comment: the RSI is mixed to bullish.

Trend: ST Bearish; MT Bearish

Key levels Comment

1475** Intraday resistance

1445** Intraday resistance

1422** Intraday resistance

1412.2 Last

1390** Intraday pivot point

1374** Intraday support

1354** Intraday support

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