Tanalys

Gold spot Intraday: key resistance at 1321.

Pivot: 1321

Our preference: Short positions below 1321 with targets @ 1309 1304 in extension.

Alternative scenario: Above 1321 look for further upside with 1333 1350 as targets.

Comment: As long as the resistance at 1321 is not surpassed, the risk of the break below 1309 remains high.

Supports and resistances:

1350

1333

1321

1314 Last

1309

1304

1298

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