Tanalys

GOLD (Spot) intraday: bullish bias above 1398

Pivot: 1398.00

Our preference: LONG positions above 1398 with 1423 1434 as next targets.

Alternative scenario: The downside breakout of 1398 will open the way to 1385 1374.

Comment: the RSI is mixed to bullish.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

1445** Intraday resistance

1434** Intraday resistance

1423*** Intraday pivot point

1411 Last

1398** Intraday support

1385** Intraday support

1374** Intraday support

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