Tanalys

GOLD spot intraday: key ST resistance at 1250

Pivot: 1250.00

Our preference: SHORT positions below 1250 with targets @ 1212 1197.

Alternative scenario: The upside breakout of 1250 will open the way to 1268 1279.

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

Trend: ST Bearish; MT Ltd downside

Key levels Comment

1279** Intraday resistance

1268** Intraday resistance

1250** Intraday pivot point

1227.86 Last

1212** Intraday support

1197** Intraday support

1180** Intraday support

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