Tanalys

Gold spot intraday: key ST resistance at 1236

Pivot: 1236.00

Our preference: SHORT positions below 1236 with targets @ 1215 1204.

Alternative scenario: The upside breakout of 1236 will open the way to 1245 1252.

Comment: the RSI broke below a bullish trend line.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1252** Intraday resistance

1245** Intraday resistance

1236** Intraday pivot point

1226.68 Last

1215** Intraday support

1204** Intraday support

1187** Intraday support

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