Tanalys

Gold spot intraday: key ST resistance at 1215

Pivot: 1215.00

Our preference: SHORT positions below 1215 with targets @ 1180 1167.

Alternative scenario: The upside penetration of 1215 will call for 1227 1245.

Comment: the RSI is bearish and calls for further downside.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1245** Intraday resistance

1227*** Intraday resistance

1215*** Intraday pivot point

1196.7 Last

1180** Intraday support

1167** Intraday support

1155** Intraday support

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