Tanalys

GOLD spot intraday: key ST resistance at 1268

Pivot: 1268.00

Our preference: SHORT positions below 1268 with 1226 1212 as next targets.

Alternative scenario: The upside penetration of 1268 will call for a rebound towards 1279 1294.

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

Trend: ST Bearish; MT Ltd downside

Key levels Comment

1294** Intraday resistance

1279** Intraday resistance

1268** Intraday pivot point

1236.15 Last

1226** Intraday support

1212** Intraday support

1180** Intraday support

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