Tanalys

GOLD (Spot) intraday: key ST resistance at 1300

Pivot: 1300.00

Our preference: SHORT positions below 1300 with 1267 1247 as next targets.

Alternative scenario: The upside breakout of 1300 will open the way to 1320 1338.

Comment: a break below 1267 would trigger a drop towards 1247.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1338** Fib retracement (61.8%)

1320** Intraday resistance

1300*** Intraday pivot point

1277.11 Last

1267** Intraday support

1247** Intraday support

1226** Fib retracement (61.8%)

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