Tanalys

GOLD (Spot) intraday: further upside.

Pivot: 1391.00

Our preference: LONG positions above 1391 with 1439 1473 in sight.

Alternative scenario: The downside breakout of 1391 will open the way to 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

1539 Fib retracement (61.8%)

1473** Fib retracement (50%)

1439** Previous high

1421.67 Last

1391** Intraday pivot point

1363** Intraday support

1335** Previous low

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