Tanalys

GOLD (Spot) intraday: bullish bias above 1397

Pivot: 1397.00

Our preference: LONG positions above 1397 with 1430 1445 in sight.

Alternative scenario: The downside penetration of 1397 will call for 1388 1373.

Comment: the RSI is supported by a rising trend line.

Trend: ST Bearish; MT Bearish

Key levels Comment

1452** Intraday resistance

1445** Intraday resistance

1430*** Intraday resistance

1420.75 Last

1397** Intraday pivot point

1388** Intraday support

1373** Intraday support

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