Tanalys

GOLD (Spot) intraday: key ST resistance at 1279

Pivot: 1279.00

Our preference: SHORT positions below 1279 with 1258 1252 in sight.

Alternative scenario: The upside breakout of 1279 will open the way to 1286 1294.

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

Trend: ST Bullish; MT Range

Key levels Comment

1294** Intraday resistance

1286** Intraday resistance

1279*** Intraday pivot point

1263.7 Last

1258** Intraday support

1252** Intraday support

1239** Intraday support

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