Tanalys

Gold spot Intraday: key resistance at 1314.

Gold spot Intraday: key resistance at 1314.

Pivot: 1314

Our preference: Short positions below 1314 with targets @ 1291 1285 in extension.

Alternative scenario: Above 1314 look for further upside with 1324 1333 as targets.

Comment: As long as the resistance at 1314 is not surpassed, the risk of the break below 1291 remains high.

Supports and resistances:

1333

1324

1314

1302 Last

1291

1285

1265

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