Tanalys

GOLD (Spot) intraday: key ST resistance at 1255

Pivot: 1255.00

Our preference: SHORT positions below 1255 with targets @ 1218 1202.

Alternative scenario: The upside breakout of 1255 will open the way to 1271 1290.

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

Trend: ST Bearish; MT Bearish

Key levels Comment

1290** Intraday resistance

1271** Intraday resistance

1255*** Intraday pivot point

1224.3 Last

1218** Fib projection

1202** Fib projection

1195** Fib projection

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