Tanalys

GOLD (Spot) intraday: key ST resistance at 1297

Pivot: 1297.00

Our preference: SHORT positions below 1297 with targets @ 1266 1244.

Alternative scenario: The upside breakout of 1297 will open the way to 1307 1320.

Comment: the RSI is capped by a declining trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1320** Intraday resistance

1307* Intraday resistance

1297* Intraday pivot point

1282.26 Last

1266** Intraday support

1244** Intraday support

1230** Intraday support

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