Tanalys

GOLD spot intraday: key ST resistance at 1245

Pivot: 1245.00

Our preference: SHORT positions below 1245 with targets @ 1197 1180.

Alternative scenario: The upside penetration of 1245 will call for 1268 1279.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Ltd downside; MT Ltd downside

Key levels Comment

1279** Intraday resistance

1268** Intraday resistance

1245*** Intraday pivot point

1204.78 Last

1197** Intraday support

1180** Intraday support

1155** Intraday support

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