Tanalys

GOLD (Spot) intraday: key ST resistance at 1314

Pivot: 1314.00

Our preference: SHORT positions below 1314 with 1270 1252 in sight.

Alternative scenario: The upside penetration of 1314 will call for 1326 1337.

Comment: as long as 1314 is resistance, likely decline to 1270.

Trend: ST Bullish; MT Range

Key levels Comment

1337** Intraday resistance

1326** Intraday resistance

1314*** Intraday pivot point

1285.4 Last

1270** Intraday support

1252** Intraday support

1240** Intraday support

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