Tanalys

GOLD (Spot) intraday: bullish bias above 1391

Pivot: 1391.00

Our preference: LONG positions above 1391 with 1439 1473 as next targets.

Alternative scenario: The downside penetration of 1391 will call for a slide towards 1363 1335.

Comment: intraday support around 1391

Trend: ST Bearish; MT Bearish

Key levels Comment

1507 Fib retracement (61.8%)

1473** Fib retracement (50%)

1439** Previous high

1412 Last

1391** Intraday pivot point

1363** Intraday support

1335** Previous low

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